A. Subject to the provisions of subsection B and §§ 13.1-886, 13.1-892, and 13.1-893, the articles of incorporation or the bylaws of a credit union may be amended as provided in the articles and bylaws, as the case may be. Amendments to the articles of incorporation shall be accomplished as provided in §§ 13.1-888 and 13.1-889.
B. If proposed amendments to the articles of incorporation or bylaws include an amendment to expand the field of membership of a credit union, then the amendments shall be submitted to the Commissioner, who shall approve or disapprove them within 30 days. No amendments to the articles of incorporation or bylaws that include an amendment to expand the field of membership shall be effective until such amendment has been approved by the Commissioner, who may extend the period for approval as he may deem necessary for as much as an additional 30 days.
Code 1950, § 6-208; 1966, c. 584, § 6.1-199; 1990, c. 373, § 6.1-225.16; 1999, c. 63; 2010, c. 794; 2012, cc. 44, 560.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
§ 6.2-1301. Effect of ownership of a share account
§ 6.2-1304. Franchise tax exemption
§ 6.2-1305. Making or circulating derogatory statements affecting credit unions; penalty
§ 6.2-1306. Unlawful use of words "credit union."
§ 6.2-1307. Use of credit union name, logo, or symbol for marketing purposes; penalty
§ 6.2-1308. Supervision and regulation by Commission
§ 6.2-1310. Fees for examination, supervision, and regulation
§ 6.2-1311. Reports to Commission; penalty for failure to make reports
§ 6.2-1312. Cease and desist orders; right to hearing
§ 6.2-1314. Penalties for violation of orders of Commission
§ 6.2-1315. Removal of director or officer; penalty for acting after removal
§ 6.2-1319. Involuntary dissolution
§ 6.2-1321. Certificate of authority
§ 6.2-1322. Contents of bylaws; amendments to bylaws generally
§ 6.2-1323. Amendments to articles of incorporation and bylaws
§ 6.2-1324. Bylaws amended by Commission
§ 6.2-1326. Establishing, moving, and closing offices
§ 6.2-1327. Membership defined; field of membership
§ 6.2-1328. Expansion of field of membership
§ 6.2-1329. Membership meetings; voting
§ 6.2-1332. Insurance of shares
§ 6.2-1333. Establishment of corporation; purposes
§ 6.2-1334. Contents of corporation bylaws; amendments thereto
§ 6.2-1335. Application for membership; share insurance required
§ 6.2-1336. Loss reserve contributions
§ 6.2-1337. Annual and special assessments
§ 6.2-1338. Duties and additional powers of corporation
§ 6.2-1339. Duties and powers of Commission; judicial review
§ 6.2-1340. Supervision, reports and examinations by Commission
§ 6.2-1341. Audit by corporation and corrective measures; appeal
§ 6.2-1343. Inconsistent laws inapplicable
§ 6.2-1345. Voluntary dissolution
§ 6.2-1346. Conversion of federal credit union to state credit union
§ 6.2-1347. Conversion of state credit union to federal credit union
§ 6.2-1347.1. Conversion to a state mutual savings institution
§ 6.2-1349. Board of directors; election of officers
§ 6.2-1350. Executive committee
§ 6.2-1351. Meetings of directors
§ 6.2-1352. Compensation of officials
§ 6.2-1353. Powers and duties of directors
§ 6.2-1354. Credit committee or loan officers; appeal
§ 6.2-1355. Supervisory committee; suspension and removal of officials
§ 6.2-1357. Qualifications of officials
§ 6.2-1359. Payment for shares; transfers; lien on shares
§ 6.2-1361. Ascertaining value of assets
§ 6.2-1363. Individual retirement accounts and retirement or pension plans
§ 6.2-1364. Acceptance of money under Virginia Uniform Transfers to Minors Act
§ 6.2-1365. Accounts of deceased or incapacitated person
§ 6.2-1367. Application of provisions to federal credit unions
§ 6.2-1368. Accounts of fiduciaries
§ 6.2-1370. Purpose and condition of loans
§ 6.2-1373. Loans to members of credit committee; nonmember loans
§ 6.2-1376. Authorized investments
§ 6.2-1377. Maintenance of regular reserves; special reserves
§ 6.2-1379. Out-of-state credit unions
§ 6.2-1380. Examinations; periodic reports; cooperative agreements; assessment of fees