{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1345.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1345.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1345.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1345.html"}],"law_id":70909,"edition_id":1,"section_id":70909,"structure_id":15790,"section_number":"6.2-1345","catch_line":"Voluntary dissolution","history":"1990, c. 373, \u00a7 6.1-225.28; 2010, c. 794.","full_text":"A\n\nA credit union may dissolve in accordance with the provisions of Article 13 (§ 13.1-902 et seq.) of Chapter 10 of Title 13.1. Within 10 days after the board of directors votes to recommend dissolution to the members, the board shall notify the Commissioner and the insuring organization of that fact in writing, setting forth the reasons for the proposed dissolution.B\n\nThe dissolving credit union shall also (i) notify the Commissioner of the result when the members have voted on the proposal to dissolve and (ii) file with the Commissioner a copy of the certificate of dissolution and the certificate of termination of corporate existence of the credit union within 10 days of the issuance of each.","order_by":null,"text":{"0":{"id":255716,"text":"A credit union may dissolve in accordance with the provisions of Article 13 (§ 13.1-902 et seq.) of Chapter 10 of Title 13.1. Within 10 days after the board of directors votes to recommend dissolution to the members, the board shall notify the Commissioner and the insuring organization of that fact in writing, setting forth the reasons for the proposed dissolution.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":255717,"text":"The dissolving credit union shall also (i) notify the Commissioner of the result when the members have voted on the proposal to dissolve and (ii) file with the Commissioner a copy of the certificate of dissolution and the certificate of termination of corporate existence of the credit union within 10 days of the issuance of each.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":15790,"edition_id":1,"name":"Change in Corporate Status","identifier":"6","label":"article","depth":4,"order_by":1,"parent_id":13635,"metadata":{},"date_created":"2026-06-26 03:59:37","date_modified":"2026-06-26 03:59:37","permalink":{"id":264757,"object_type":"structure","relational_id":15790,"identifier":"6","token":"6.2\/II\/13\/6","url":"\/6.2\/II\/13\/6\/","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":68280,"structure_id":15790,"section_number":"6.2-1344","catch_line":"Voluntary merger","url":"\/6.2-1344\/","token":"6.2\/II\/13\/6\/6.2-1344","metadata":false},{"id":70909,"structure_id":15790,"section_number":"6.2-1345","catch_line":"Voluntary dissolution","url":"\/6.2-1345\/","token":"6.2\/II\/13\/6\/6.2-1345","metadata":false},{"id":77822,"structure_id":15790,"section_number":"6.2-1346","catch_line":"Conversion of federal credit union to state credit union","url":"\/6.2-1346\/","token":"6.2\/II\/13\/6\/6.2-1346","metadata":false},{"id":60854,"structure_id":15790,"section_number":"6.2-1347","catch_line":"Conversion of state credit union to federal credit union","url":"\/6.2-1347\/","token":"6.2\/II\/13\/6\/6.2-1347","metadata":false},{"id":79438,"structure_id":15790,"section_number":"6.2-1347.1","catch_line":"Conversion to a state mutual savings institution","url":"\/6.2-1347.1\/","token":"6.2\/II\/13\/6\/6.2-1347.1","metadata":false}],"previous_section":{"id":68280,"structure_id":15790,"section_number":"6.2-1344","catch_line":"Voluntary merger","url":"\/6.2-1344\/","token":"6.2\/II\/13\/6\/6.2-1344","metadata":false},"next_section":{"id":77822,"structure_id":15790,"section_number":"6.2-1346","catch_line":"Conversion of federal credit union to state credit union","url":"\/6.2-1346\/","token":"6.2\/II\/13\/6\/6.2-1346","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1345\/","history_text":"

This law was first created in 1990. The record of its establishment is cataloged in chapter 373 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 1990 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. 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. That modification is as follows: in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":[{"id":58171,"section_number":"13.1-902","catch_line":"Dissolution by directors and members","order_by":null,"url":"\/13.1-902\/"}],"permalink":{"id":264763,"object_type":"law","relational_id":70909,"identifier":"6.2-1345","token":"6.2\/II\/13\/6\/6.2-1345","url":"\/6.2-1345\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1345\/","token":"6.2\/II\/13\/6\/6.2-1345","dublin_core":{"Title":"Voluntary dissolution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1345","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A credit union<\/span> may dissolve in accordance with the provisions of Article 13 (§ 13.1-902<\/a> et seq.) of Chapter 10 of Title 13.1. Within 10 days after the board of directors votes to recommend dissolution to the members<\/span>, the board shall notify the Commissioner<\/span> and the insuring organization<\/span> of that fact<\/span> in writing, setting forth the reasons for the proposed dissolution. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The dissolving credit union<\/span> shall also (i) notify the Commissioner<\/span> of the result when the members<\/span> have voted on the proposal to dissolve and (ii) file with the Commissioner<\/span> a copy of the certificate of dissolution and the certificate of termination of corporate existence of the credit union<\/span> within 10 days of the issuance of each. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nVOLUNTARY DISSOLUTION (\u00a7 6.2-1345)\n\nA. A credit union may dissolve in accordance with the provisions of Article 13\n(§ 13.1-902 et seq.) of Chapter 10 of Title 13.1. Within 10 days after the\nboard of directors votes to recommend dissolution to the members, the board\nshall notify the Commissioner and the insuring organization of that fact in\nwriting, setting forth the reasons for the proposed dissolution.\n\nB. The dissolving credit union shall also (i) notify the Commissioner of the\nresult when the members have voted on the proposal to dissolve and (ii) file\nwith the Commissioner a copy of the certificate of dissolution and the\ncertificate of termination of corporate existence of the credit union within 10\ndays of the issuance of each.\n\nHISTORY: 1990, c. 373, \u00a7 6.1-225.28; 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}}