{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1303.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1303.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1303.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1303.html"}],"law_id":66827,"edition_id":1,"section_id":66827,"structure_id":15468,"section_number":"6.2-1303","catch_line":"Regulations","history":"1975, c. 34, \u00a7 6.1-200.2; 1988, c. 309; 1990, c. 373, \u00a7\u00a7 6.1-225.3, 6.1-225.22; 1997, c. 111, \u00a7 6.1-225.3:1; 2010, c. 794.","full_text":"A\n\nThe Commission may adopt regulations to implement the provisions of this chapter.B\n\nIn addition to the powers specifically granted to state chartered credit unions by the provisions of this chapter, the Commission may adopt such regulations as may be necessary to permit state chartered credit unions to have powers at least comparable with those of federally chartered credit unions or to effect the purposes of this chapter, regardless of any then existing statute, regulation or court decision limiting or denying such powers to state chartered credit unions. The requirement of a public hearing shall not automatically apply to regulations adopted under this subsection, but the Commission may hold such hearings as it deems appropriate.C\n\nBefore adopting any regulation under this chapter, the Commission shall give reasonable notice of its content and shall afford interested parties an opportunity to present evidence and be heard, in accordance with the Commission’s Rules.","order_by":null,"text":{"0":{"id":242327,"text":"The Commission may adopt regulations to implement the provisions of this chapter.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":242328,"text":"In addition to the powers specifically granted to state chartered credit unions by the provisions of this chapter, the Commission may adopt such regulations as may be necessary to permit state chartered credit unions to have powers at least comparable with those of federally chartered credit unions or to effect the purposes of this chapter, regardless of any then existing statute, regulation or court decision limiting or denying such powers to state chartered credit unions. The requirement of a public hearing shall not automatically apply to regulations adopted under this subsection, but the Commission may hold such hearings as it deems appropriate.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":242329,"text":"Before adopting any regulation under this chapter, the Commission shall give reasonable notice of its content and shall afford interested parties an opportunity to present evidence and be heard, in accordance with the Commission’s Rules.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":15468,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":13635,"metadata":{},"date_created":"2026-06-26 03:55:16","date_modified":"2026-06-26 03:55:16","permalink":{"id":264547,"object_type":"structure","relational_id":15468,"identifier":"1","token":"6.2\/II\/13\/1","url":"\/6.2\/II\/13\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13635,"edition_id":1,"name":"Credit Unions","identifier":"13","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:26","date_modified":"2026-06-26 03:45:26","permalink":{"id":264545,"object_type":"structure","relational_id":13635,"identifier":"13","token":"6.2\/II\/13","url":"\/6.2\/II\/13\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":84320,"structure_id":15468,"section_number":"6.2-1300","catch_line":"Definitions","url":"\/6.2-1300\/","token":"6.2\/II\/13\/1\/6.2-1300","metadata":false},{"id":79389,"structure_id":15468,"section_number":"6.2-1301","catch_line":"Effect of ownership of a share account","url":"\/6.2-1301\/","token":"6.2\/II\/13\/1\/6.2-1301","metadata":false},{"id":85919,"structure_id":15468,"section_number":"6.2-1302","catch_line":"Powers","url":"\/6.2-1302\/","token":"6.2\/II\/13\/1\/6.2-1302","metadata":false},{"id":83576,"structure_id":15468,"section_number":"6.2-1302.1","catch_line":"Virtual currency custody services","url":"\/6.2-1302.1\/","token":"6.2\/II\/13\/1\/6.2-1302.1","metadata":false},{"id":66827,"structure_id":15468,"section_number":"6.2-1303","catch_line":"Regulations","url":"\/6.2-1303\/","token":"6.2\/II\/13\/1\/6.2-1303","metadata":false},{"id":74426,"structure_id":15468,"section_number":"6.2-1304","catch_line":"Franchise tax exemption","url":"\/6.2-1304\/","token":"6.2\/II\/13\/1\/6.2-1304","metadata":false},{"id":58923,"structure_id":15468,"section_number":"6.2-1305","catch_line":"Making or circulating derogatory statements affecting credit unions; penalty","url":"\/6.2-1305\/","token":"6.2\/II\/13\/1\/6.2-1305","metadata":false},{"id":78451,"structure_id":15468,"section_number":"6.2-1306","catch_line":"Unlawful use of words \"credit union.\"","url":"\/6.2-1306\/","token":"6.2\/II\/13\/1\/6.2-1306","metadata":false},{"id":74777,"structure_id":15468,"section_number":"6.2-1307","catch_line":"Use of credit union name, logo, or symbol for marketing purposes; penalty","url":"\/6.2-1307\/","token":"6.2\/II\/13\/1\/6.2-1307","metadata":false}],"previous_section":{"id":83576,"structure_id":15468,"section_number":"6.2-1302.1","catch_line":"Virtual currency custody services","url":"\/6.2-1302.1\/","token":"6.2\/II\/13\/1\/6.2-1302.1","metadata":false},"next_section":{"id":74426,"structure_id":15468,"section_number":"6.2-1304","catch_line":"Franchise tax exemption","url":"\/6.2-1304\/","token":"6.2\/II\/13\/1\/6.2-1304","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1303\/","history_text":"

This law was first created in 1975. The record of its establishment is cataloged in chapter 34 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 1975 \u201cActs\u201d aren\u2019t available online. It has been modified 4 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1988, chapter 309; in 1990, chapter 373; in 1997, chapter 111<\/a>; in 2010, chapter 794<\/a>.<\/p>","references":[{"id":85919,"section_number":"6.2-1302","catch_line":"Powers","order_by":null,"url":"\/6.2-1302\/"}],"refers_to":false,"permalink":{"id":264565,"object_type":"law","relational_id":66827,"identifier":"6.2-1303","token":"6.2\/II\/13\/1\/6.2-1303","url":"\/6.2-1303\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1303\/","token":"6.2\/II\/13\/1\/6.2-1303","dublin_core":{"Title":"Regulations","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1303","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Commission<\/span> may adopt regulations to implement the provisions of this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> In addition to the powers specifically granted to state chartered credit unions<\/span> by the provisions of this chapter, the Commission<\/span> may adopt such regulations as may be necessary to permit state chartered credit unions<\/span> to have powers at least comparable with those of federally chartered credit unions<\/span> or to effect the purposes of this chapter, regardless of any then existing statute<\/span>, regulation or court<\/span> decision limiting or denying such powers to state chartered credit unions<\/span>. The requirement of a public hearing<\/span> shall not automatically apply to regulations adopted under this subsection, but the Commission<\/span> may hold such hearings<\/span> as it deems appropriate. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Before adopting any regulation under this chapter, the Commission<\/span> shall give reasonable notice of its content and shall afford interested parties an opportunity to present evidence<\/span> and be heard, in accordance with the Commission<\/span>’s Rules. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREGULATIONS (\u00a7 6.2-1303)\n\nA. The Commission may adopt regulations to implement the provisions of this\nchapter.\n\nB. In addition to the powers specifically granted to state chartered credit\nunions by the provisions of this chapter, the Commission may adopt such\nregulations as may be necessary to permit state chartered credit unions to have\npowers at least comparable with those of federally chartered credit unions or to\neffect the purposes of this chapter, regardless of any then existing statute,\nregulation or court decision limiting or denying such powers to state chartered\ncredit unions. The requirement of a public hearing shall not automatically apply\nto regulations adopted under this subsection, but the Commission may hold such\nhearings as it deems appropriate.\n\nC. Before adopting any regulation under this chapter, the Commission shall give\nreasonable notice of its content and shall afford interested parties an\nopportunity to present evidence and be heard, in accordance with the\nCommission’s Rules.\n\nHISTORY: 1975, c. 34, \u00a7 6.1-200.2; 1988, c. 309; 1990, c. 373, \u00a7\u00a7 6.1-225.3,\n6.1-225.22; 1997, c. 111, \u00a7 6.1-225.3:1; 2010, c. 794.","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}}