§ 6.1-225.9. Penalties for violation of orders of Commission; removal of official
The Commission may impose, enter judgment for, and enforce by its process, a fine of not more than $10,000 against any credit union or against any of its directors, officers, or employees for knowingly or willfully violating any lawful order of the Commission. The Commission may remove from office, in accordance with the procedure set forth in § 6.1-194.84, any director or officer who violates any such order or who knowingly continues to violate any law relating to credit unions or knowingly continues an unsafe or unsound practice in conducting the business of a credit union.
(1976, c. 658, § 6.1-223.1; 1990, c. 373.)
Sections: Previous 6.1-225.3 6.1-225.3:1 6.1-225.4 6.1-225.5 6.1-225.6 6.1-225.7 6.1-225.8 6.1-225.9 6.1-225.10 6.1-225.11 6.1-225.12 6.1-225.13 6.1-225.14 6.1-225.15 6.1-225.16 NextLast modified: April 16, 2009