6.1-225.26 - (Repealed effective October 1, 2010) Insurance of shares.
§ 6.1-225.26. (Repealed effective October 1, 2010) Insurance of shares.
Every credit union authorized to do business in this Commonwealth shallinsure its members' shares with an approved insuring organization. A creditunion which has been denied a commitment for insurance or fails to maintaininsurance upon its shares shall either dissolve or merge with another creditunion which is insured by such an insuring organization.
(1974, c. 116, § 6.1-200.1; 1990, c. 373.)