§ 6.1-225.26. Insurance of shares
Every credit union authorized to do business in this Commonwealth shall insure its members' shares with an approved insuring organization. A credit union which has been denied a commitment for insurance or fails to maintain insurance upon its shares shall either dissolve or merge with another credit union which is insured by such an insuring organization.
(1974, c. 116, § 6.1-200.1; 1990, c. 373.)
Sections: Previous 6.1-225.20 6.1-225.21 6.1-225.22 6.1-225.23 6.1-225.23:1 6.1-225.24 6.1-225.25 6.1-225.26 6.1-225.27 6.1-225.28 6.1-225.29 6.1-225.30 6.1-225.31 6.1-225.32 6.1-225.33 NextLast modified: April 2, 2009