§ 6.1-225.44. Ascertaining value of assets
In ascertaining the value of the assets of a credit union, a loan delinquent for more than two but less than six months shall be valued at ninety percent of the unpaid balance; a loan delinquent for six months but less than twelve months shall be valued at seventy-five percent of the unpaid balance; and a loan delinquent for twelve months or more shall be treated as of no value.
(Code 1950, § 6-228; 1964, c. 75; 1966, c. 584, § 6.1-219; 1968, c. 560; 1976, c. 202; 1990, c. 373.)
Sections: Previous 6.1-225.37 6.1-225.38 6.1-225.39 6.1-225.40 6.1-225.41 6.1-225.42 6.1-225.43 6.1-225.44 6.1-225.45 6.1-225.46 6.1-225.47 6.1-225.48 6.1-225.49 6.1-225.50 6.1-225.50:1 NextLast modified: April 2, 2009