Code of Virginia (Last Updated:July 28, 2020) |
TITLE 6.2. Financial Institutions and Services |
SUBTITLE II. Depository Institutions and Trust Organizations |
CHAPTER 13. Credit Unions |
ARTICLE 2. Supervision and Regulation |
SECTION 6.2-1318. Consolidation or merger |
Notwithstanding the provisions of subsection B of § 6.2-1327 , two credit unions may consolidate or merge, subject to the approval of the Commission, when the Commission finds that an emergency exists and that the merger or consolidation will promote the best interests of the members. 1982, c. 571, § 6.1-200.5; 1990, c. 373, § 6.1-225.11; 2010, c. 6.2-1327 . |