6.1-225.9 - (Repealed effective October 1, 2010) Penalties for violation of orders of Commission; removal of official.
§ 6.1-225.9. (Repealed effective October 1, 2010) Penalties for violation oforders of Commission; removal of official.
The Commission may impose, enter judgment for, and enforce by its process, afine of not more than $10,000 against any credit union or against any of itsdirectors, officers, or employees for knowingly or willfully violating anylawful order of the Commission. The Commission may remove from office, inaccordance with the procedure set forth in § 6.1-194.84, any director orofficer who violates any such order or who knowingly continues to violate anylaw relating to credit unions or knowingly continues an unsafe or unsoundpractice in conducting the business of a credit union.
(1976, c. 658, § 6.1-223.1; 1990, c. 373.)