{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1349.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1349.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1349.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1349.html"}],"law_id":70635,"edition_id":1,"section_id":70635,"structure_id":15648,"section_number":"6.2-1349","catch_line":"Board of directors; election of officers","history":"Code 1950, \u00a7 6-220; 1964, c. 75; 1966, c. 584, \u00a7 6.1-211; 1968, c. 560; 1982, c. 572; 1983, c. 158; 1984, c. 354; 1988, c. 275; 1990, c. 373, \u00a7 6.1-225.32; 2010, c. 794.","full_text":"A\n\nAt its first meeting after the annual election, the board of directors shall elect from its own number (i) an executive officer, who may be designated as chairman of the board or president; (ii) a vice-chairman of the board or one or more vice-presidents; (iii) a secretary; and (iv) a treasurer. The same member may simultaneously hold more than one office in the credit union, if the bylaws so provide. The board of directors shall also elect any other officers that are specified in the bylaws.B\n\nThe board of directors shall appoint (i) a chief operating officer of the credit union to be in active charge of its operations and (ii) a financial officer. The chief operating officer may also serve as the financial officer.C\n\nThe terms of the officers shall be one year or until their successors are elected and qualified.D\n\nThe duties of the officers shall be as prescribed in the bylaws.E\n\nA credit union may use any other title it chooses for officers, so long as such titles are not misleading.","order_by":null,"text":{"0":{"id":254833,"text":"At its first meeting after the annual election, the board of directors shall elect from its own number (i) an executive officer, who may be designated as chairman of the board or president; (ii) a vice-chairman of the board or one or more vice-presidents; (iii) a secretary; and (iv) a treasurer. The same member may simultaneously hold more than one office in the credit union, if the bylaws so provide. The board of directors shall also elect any other officers that are specified in the bylaws.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":254834,"text":"The board of directors shall appoint (i) a chief operating officer of the credit union to be in active charge of its operations and (ii) a financial officer. The chief operating officer may also serve as the financial officer.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":254835,"text":"The terms of the officers shall be one year or until their successors are elected and qualified.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":254836,"text":"The duties of the officers shall be as prescribed in the bylaws.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":254837,"text":"A credit union may use any other title it chooses for officers, so long as such titles are not misleading.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":15648,"edition_id":1,"name":"Direction of Affairs","identifier":"7","label":"article","depth":4,"order_by":1,"parent_id":13635,"metadata":{},"date_created":"2026-06-26 03:57:21","date_modified":"2026-06-26 03:57:21","permalink":{"id":264779,"object_type":"structure","relational_id":15648,"identifier":"7","token":"6.2\/II\/13\/7","url":"\/6.2\/II\/13\/7\/","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":60311,"structure_id":15648,"section_number":"6.2-1348","catch_line":"Board of directors; number; election; term; appointment of supervisory and credit committees","url":"\/6.2-1348\/","token":"6.2\/II\/13\/7\/6.2-1348","metadata":false},{"id":70635,"structure_id":15648,"section_number":"6.2-1349","catch_line":"Board of directors; election of officers","url":"\/6.2-1349\/","token":"6.2\/II\/13\/7\/6.2-1349","metadata":false},{"id":87127,"structure_id":15648,"section_number":"6.2-1350","catch_line":"Executive committee","url":"\/6.2-1350\/","token":"6.2\/II\/13\/7\/6.2-1350","metadata":false},{"id":59807,"structure_id":15648,"section_number":"6.2-1351","catch_line":"Meetings of directors","url":"\/6.2-1351\/","token":"6.2\/II\/13\/7\/6.2-1351","metadata":false},{"id":67236,"structure_id":15648,"section_number":"6.2-1352","catch_line":"Compensation of officials","url":"\/6.2-1352\/","token":"6.2\/II\/13\/7\/6.2-1352","metadata":false},{"id":64794,"structure_id":15648,"section_number":"6.2-1353","catch_line":"Powers and duties of directors","url":"\/6.2-1353\/","token":"6.2\/II\/13\/7\/6.2-1353","metadata":false},{"id":60059,"structure_id":15648,"section_number":"6.2-1354","catch_line":"Credit committee or loan officers; appeal","url":"\/6.2-1354\/","token":"6.2\/II\/13\/7\/6.2-1354","metadata":false},{"id":76057,"structure_id":15648,"section_number":"6.2-1355","catch_line":"Supervisory committee; suspension and removal of officials","url":"\/6.2-1355\/","token":"6.2\/II\/13\/7\/6.2-1355","metadata":false},{"id":82509,"structure_id":15648,"section_number":"6.2-1356","catch_line":"Special audit","url":"\/6.2-1356\/","token":"6.2\/II\/13\/7\/6.2-1356","metadata":false},{"id":75284,"structure_id":15648,"section_number":"6.2-1357","catch_line":"Qualifications of officials","url":"\/6.2-1357\/","token":"6.2\/II\/13\/7\/6.2-1357","metadata":false}],"previous_section":{"id":60311,"structure_id":15648,"section_number":"6.2-1348","catch_line":"Board of directors; number; election; term; appointment of supervisory and credit committees","url":"\/6.2-1348\/","token":"6.2\/II\/13\/7\/6.2-1348","metadata":false},"next_section":{"id":87127,"structure_id":15648,"section_number":"6.2-1350","catch_line":"Executive committee","url":"\/6.2-1350\/","token":"6.2\/II\/13\/7\/6.2-1350","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1349\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 9 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 1964, chapter 75; in 1966, chapter 584; in 1968, chapter 560; in 1982, chapter 572; in 1983, chapter 158; in 1984, chapter 354; in 1988, chapter 275; in 1990, chapter 373; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":264785,"object_type":"law","relational_id":70635,"identifier":"6.2-1349","token":"6.2\/II\/13\/7\/6.2-1349","url":"\/6.2-1349\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1349\/","token":"6.2\/II\/13\/7\/6.2-1349","dublin_core":{"Title":"Board of directors; election of officers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1349","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> At its first meeting after the annual election, the board of directors shall elect from its own number (i) an executive officer, who may be designated as chairman of the board or president; (ii) a vice-chairman of the board or one or more vice-presidents; (iii) a secretary; and (iv) a treasurer. The same member<\/span> may simultaneously hold more than one office in the credit union<\/span>, if the bylaws so provide. The board of directors shall also elect any other officers that are specified in the bylaws. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The board of directors shall appoint (i) a chief operating officer of the credit union<\/span> to be in active charge of its operations and (ii) a financial officer. The chief operating officer may also serve as the financial officer. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The terms of the officers shall be one year or until their successors are elected and qualified. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The duties of the officers shall be as prescribed in the bylaws. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> A credit union<\/span> may use any other title it chooses for officers, so long as such titles are not misleading. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBOARD OF DIRECTORS; ELECTION OF OFFICERS (\u00a7 6.2-1349)\n\nA. At its first meeting after the annual election, the board of directors shall\nelect from its own number (i) an executive officer, who may be designated as\nchairman of the board or president; (ii) a vice-chairman of the board or one or\nmore vice-presidents; (iii) a secretary; and (iv) a treasurer. The same member\nmay simultaneously hold more than one office in the credit union, if the bylaws\nso provide. The board of directors shall also elect any other officers that are\nspecified in the bylaws.\n\nB. The board of directors shall appoint (i) a chief operating officer of the\ncredit union to be in active charge of its operations and (ii) a financial\nofficer. The chief operating officer may also serve as the financial officer.\n\nC. The terms of the officers shall be one year or until their successors are\nelected and qualified.\n\nD. The duties of the officers shall be as prescribed in the bylaws.\n\nE. A credit union may use any other title it chooses for officers, so long as\nsuch titles are not misleading.\n\nHISTORY: Code 1950, \u00a7 6-220; 1964, c. 75; 1966, c. 584, \u00a7 6.1-211; 1968, c.\n560; 1982, c. 572; 1983, c. 158; 1984, c. 354; 1988, c. 275; 1990, c. 373, \u00a7\n6.1-225.32; 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}}