{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-504.2.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-504.2.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-504.2.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-504.2.html"}],"law_id":54154,"edition_id":1,"section_id":54154,"structure_id":13120,"section_number":"13.1-504.2","catch_line":"Broker-dealer services provided by credit unions; when registration not required","history":"1988, c. 338.","full_text":"A credit union may enter into an agreement with any person or entity which is a registered broker-dealer under this chapter and under the Securities Exchange Act of 1934, for the purpose of making brokerage services available to members of the credit union. The existence of such an agreement shall not of itself be sufficient to require employees of the credit union to register as an agent under the provisions of this article, so long as the employees&#8217; activities with regard to such brokerage services are limited to the providing of clerical or ministerial services.","order_by":null,"text":{"0":{"id":198763,"text":"A credit union may enter into an agreement with any person or entity which is a registered broker-dealer under this chapter and under the Securities Exchange Act of 1934, for the purpose of making brokerage services available to members of the credit union. The existence of such an agreement shall not of itself be sufficient to require employees of the credit union to register as an agent under the provisions of this article, so long as the employees&#8217; activities with regard to such brokerage services are limited to the providing of clerical or ministerial services.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13120,"edition_id":1,"name":"Brokers-Dealers, Investment Advisors, Investment Advisor Representatives and Agents","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":13119,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":149821,"object_type":"structure","relational_id":13120,"identifier":"3","token":"13.1\/5\/3","url":"\/13.1\/5\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13119,"edition_id":1,"name":"Securities Act","identifier":"5","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":149803,"object_type":"structure","relational_id":13119,"identifier":"5","token":"13.1\/5","url":"\/13.1\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12744,"edition_id":1,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":147493,"object_type":"structure","relational_id":12744,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":77849,"structure_id":13120,"section_number":"13.1-504","catch_line":"Registration","url":"\/13.1-504\/","token":"13.1\/5\/3\/13.1-504","metadata":false},{"id":57117,"structure_id":13120,"section_number":"13.1-504.1","catch_line":"Brokerage services of savings and loan associations, savings banks or service corporations of either; when registration not required","url":"\/13.1-504.1\/","token":"13.1\/5\/3\/13.1-504.1","metadata":false},{"id":54154,"structure_id":13120,"section_number":"13.1-504.2","catch_line":"Broker-dealer services provided by credit unions; when registration not required","url":"\/13.1-504.2\/","token":"13.1\/5\/3\/13.1-504.2","metadata":false},{"id":79578,"structure_id":13120,"section_number":"13.1-505","catch_line":"Procedure for registration","url":"\/13.1-505\/","token":"13.1\/5\/3\/13.1-505","metadata":false},{"id":81968,"structure_id":13120,"section_number":"13.1-505.1","catch_line":"Post-registration provisions","url":"\/13.1-505.1\/","token":"13.1\/5\/3\/13.1-505.1","metadata":false},{"id":57975,"structure_id":13120,"section_number":"13.1-506","catch_line":"Revocation of registration","url":"\/13.1-506\/","token":"13.1\/5\/3\/13.1-506","metadata":false}],"previous_section":{"id":57117,"structure_id":13120,"section_number":"13.1-504.1","catch_line":"Brokerage services of savings and loan associations, savings banks or service corporations of either; when registration not required","url":"\/13.1-504.1\/","token":"13.1\/5\/3\/13.1-504.1","metadata":false},"next_section":{"id":79578,"structure_id":13120,"section_number":"13.1-505","catch_line":"Procedure for registration","url":"\/13.1-505\/","token":"13.1\/5\/3\/13.1-505","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-504.2\/","history_text":"<p>This law was first created in 1988. The record of its establishment is cataloged in chapter 338 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1988 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":false,"permalink":{"id":149831,"object_type":"law","relational_id":54154,"identifier":"13.1-504.2","token":"13.1\/5\/3\/13.1-504.2","url":"\/13.1-504.2\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-504.2\/","token":"13.1\/5\/3\/13.1-504.2","dublin_core":{"Title":"Broker-dealer services provided by credit unions; when registration not required","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-504.2","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>A credit union may enter into an agreement with any person or entity which is a registered broker-dealer under this chapter and under the Securities Exchange Act of 1934, for the purpose of making brokerage services available to members of the credit union. The existence of such an agreement shall not of itself be sufficient to require employees of the credit union to register as an agent under the provisions of this article, so long as the employees&#8217; activities with regard to such brokerage services are limited to the providing of clerical or ministerial services.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nBROKER-DEALER SERVICES PROVIDED BY CREDIT UNIONS; WHEN REGISTRATION NOT REQUIRED\n(\u00a7 13.1-504.2)\n\nA credit union may enter into an agreement with any person or entity which is a\nregistered broker-dealer under this chapter and under the Securities Exchange\nAct of 1934, for the purpose of making brokerage services available to members\nof the credit union. The existence of such an agreement shall not of itself be\nsufficient to require employees of the credit union to register as an agent\nunder the provisions of this article, so long as the employees&#8217; activities\nwith regard to such brokerage services are limited to the providing of clerical\nor ministerial services.\n\nHISTORY: 1988, c. 338.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}