{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1320.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1320.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1320.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1320.html"}],"law_id":56398,"edition_id":1,"section_id":56398,"structure_id":14312,"section_number":"6.2-1320","catch_line":"Incorporation","history":"Code 1950, \u00a7 6-204; 1956, c. 433; 1958, c. 139; 1966, c. 584, \u00a7 6.1-196; 1968, c. 560; 1990, c. 373, \u00a7 6.1-225.13; 2010, c. 794.","full_text":"A\n\nFive or more residents of the Commonwealth who are of legal age and share a common bond referred to in subsection B of § 6.2-1327 may establish, pursuant to the provisions of the Virginia Nonstock Corporation Act (§ 13.1-801 et seq.), a corporation for the purpose of conducting business as a credit union as provided in this chapter. Every corporation organized under this chapter shall include in the corporate name the words “credit union” as well as some other distinguishing word or words.B\n\nCredit unions incorporated pursuant to this chapter shall be subject to the provisions of the Virginia Nonstock Corporation Act (§ 13.1-801 et seq.), except as may otherwise be provided in this chapter.","order_by":null,"text":{"0":{"id":206493,"text":"Five or more residents of the Commonwealth who are of legal age and share a common bond referred to in subsection B of § 6.2-1327 may establish, pursuant to the provisions of the Virginia Nonstock Corporation Act (§ 13.1-801 et seq.), a corporation for the purpose of conducting business as a credit union as provided in this chapter. Every corporation organized under this chapter shall include in the corporate name the words “credit union” as well as some other distinguishing word or words.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":206494,"text":"Credit unions incorporated pursuant to this chapter shall be subject to the provisions of the Virginia Nonstock Corporation Act (§ 13.1-801 et seq.), except as may otherwise be provided in this chapter.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":14312,"edition_id":1,"name":"Formation of Credit Union","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":13635,"metadata":{},"date_created":"2026-06-26 03:47:42","date_modified":"2026-06-26 03:47:42","permalink":{"id":264655,"object_type":"structure","relational_id":14312,"identifier":"3","token":"6.2\/II\/13\/3","url":"\/6.2\/II\/13\/3\/","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":56398,"structure_id":14312,"section_number":"6.2-1320","catch_line":"Incorporation","url":"\/6.2-1320\/","token":"6.2\/II\/13\/3\/6.2-1320","metadata":false},{"id":72073,"structure_id":14312,"section_number":"6.2-1321","catch_line":"Certificate of authority","url":"\/6.2-1321\/","token":"6.2\/II\/13\/3\/6.2-1321","metadata":false},{"id":59522,"structure_id":14312,"section_number":"6.2-1322","catch_line":"Contents of bylaws; amendments to bylaws generally","url":"\/6.2-1322\/","token":"6.2\/II\/13\/3\/6.2-1322","metadata":false},{"id":55599,"structure_id":14312,"section_number":"6.2-1323","catch_line":"Amendments to articles of incorporation and bylaws","url":"\/6.2-1323\/","token":"6.2\/II\/13\/3\/6.2-1323","metadata":false},{"id":85476,"structure_id":14312,"section_number":"6.2-1324","catch_line":"Bylaws amended by Commission","url":"\/6.2-1324\/","token":"6.2\/II\/13\/3\/6.2-1324","metadata":false},{"id":70683,"structure_id":14312,"section_number":"6.2-1325","catch_line":"Fiscal year","url":"\/6.2-1325\/","token":"6.2\/II\/13\/3\/6.2-1325","metadata":false},{"id":85105,"structure_id":14312,"section_number":"6.2-1326","catch_line":"Establishing, moving, and closing offices","url":"\/6.2-1326\/","token":"6.2\/II\/13\/3\/6.2-1326","metadata":false}],"next_section":{"id":72073,"structure_id":14312,"section_number":"6.2-1321","catch_line":"Certificate of authority","url":"\/6.2-1321\/","token":"6.2\/II\/13\/3\/6.2-1321","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1320\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 6 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 1956, chapter 433; in 1958, chapter 139; in 1966, chapter 584; in 1968, chapter 560; in 1990, chapter 373; in 2010, chapter 794<\/a>.<\/p>","references":[{"id":77822,"section_number":"6.2-1346","catch_line":"Conversion of federal credit union to state credit union","order_by":null,"url":"\/6.2-1346\/"}],"refers_to":[{"id":76305,"section_number":"13.1-801","catch_line":"Short title","order_by":null,"url":"\/13.1-801\/"},{"id":59413,"section_number":"6.2-1327","catch_line":"Membership defined; field of membership","order_by":null,"url":"\/6.2-1327\/"}],"permalink":{"id":264657,"object_type":"law","relational_id":56398,"identifier":"6.2-1320","token":"6.2\/II\/13\/3\/6.2-1320","url":"\/6.2-1320\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1320\/","token":"6.2\/II\/13\/3\/6.2-1320","dublin_core":{"Title":"Incorporation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1320","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Five or more residents of the Commonwealth who are of legal age and share a common bond<\/span> referred to in subsection B of § 6.2-1327<\/a> may establish, pursuant to the provisions of the Virginia Nonstock Corporation Act (§ 13.1-801<\/a> et seq.), a corporation for the purpose of conducting business as a credit union<\/span> as provided in this chapter. Every corporation organized under this chapter shall include in the corporate name the words “credit union<\/span>” as well as some other distinguishing word or words. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Credit unions<\/span> incorporated pursuant to this chapter shall be subject to the provisions of the Virginia Nonstock Corporation Act (§ 13.1-801<\/a> et seq.), except as may otherwise be provided in this chapter. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINCORPORATION (\u00a7 6.2-1320)\n\nA. Five or more residents of the Commonwealth who are of legal age and share a\ncommon bond referred to in subsection B of § 6.2-1327 may establish,\npursuant to the provisions of the Virginia Nonstock Corporation Act (§\n13.1-801 et seq.), a corporation for the purpose of conducting business as a\ncredit union as provided in this chapter. Every corporation organized under this\nchapter shall include in the corporate name the words “credit union”\nas well as some other distinguishing word or words.\n\nB. Credit unions incorporated pursuant to this chapter shall be subject to the\nprovisions of the Virginia Nonstock Corporation Act (§ 13.1-801 et seq.),\nexcept as may otherwise be provided in this chapter.\n\nHISTORY: Code 1950, \u00a7 6-204; 1956, c. 433; 1958, c. 139; 1966, c. 584, \u00a7\n6.1-196; 1968, c. 560; 1990, c. 373, \u00a7 6.1-225.13; 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}}