{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1355.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1355.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1355.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1355.html"}],"law_id":76057,"edition_id":1,"section_id":76057,"structure_id":15648,"section_number":"6.2-1355","catch_line":"Supervisory committee; suspension and removal of officials","history":"Code 1950, \u00a7 6-222; 1966, c. 584, \u00a7 6.1-213; 1974, c. 106; 1982, c. 574; 1990, c. 373, \u00a7 6.1-225.38; 2010, c. 794.","full_text":"The supervisory committee:\n\n1\n\nShall make or cause to be made an annual audit of the credit union, and shall submit a report of that audit to the board of directors and a summary of the report to the members at the next annual meeting of the credit union;2\n\nShall make or cause to be made such supplementary audits and verification of members’ accounts as it deems necessary or as may be ordered by the board of directors, and shall submit such report to the board of directors; and3\n\nMay by unanimous vote suspend any officer of the credit union or any member of the credit committee or of the board of directors, until the next meeting of members, which shall be held not less than 10 nor more than 25 days after any such suspension, at which meeting such suspension shall be acted upon by the members.","order_by":null,"text":{"0":{"id":272971,"text":"The supervisory committee:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":272972,"text":"Shall make or cause to be made an annual audit of the credit union, and shall submit a report of that audit to the board of directors and a summary of the report to the members at the next annual meeting of the credit union;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":272973,"text":"Shall make or cause to be made such supplementary audits and verification of members’ accounts as it deems necessary or as may be ordered by the board of directors, and shall submit such report to the board of directors; and","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":272974,"text":"May by unanimous vote suspend any officer of the credit union or any member of the credit committee or of the board of directors, until the next meeting of members, which shall be held not less than 10 nor more than 25 days after any such suspension, at which meeting such suspension shall be acted upon by the members.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1355\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 5 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 1966, chapter 584; in 1974, chapter 106; in 1982, chapter 574; in 1990, chapter 373; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":264809,"object_type":"law","relational_id":76057,"identifier":"6.2-1355","token":"6.2\/II\/13\/7\/6.2-1355","url":"\/6.2-1355\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1355\/","token":"6.2\/II\/13\/7\/6.2-1355","dublin_core":{"Title":"Supervisory committee; suspension and removal of officials","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1355","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The supervisory committee:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Shall make or cause to be made an annual audit of the credit union<\/span>, and shall submit a report of that audit to the board of directors and a summary of the report to the members<\/span> at the next annual meeting of the credit union<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Shall make or cause to be made such supplementary audits and verification of members<\/span>’ accounts as it deems necessary or as may be ordered by the board of directors, and shall submit such report to the board of directors; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> May by unanimous vote suspend any officer of the credit union<\/span> or any member<\/span> of the credit committee or of the board of directors, until the next meeting of members<\/span>, which shall be held not less than 10 nor more than 25 days after any such suspension, at which meeting such suspension shall be acted upon by the members<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSUPERVISORY COMMITTEE; SUSPENSION AND REMOVAL OF OFFICIALS (\u00a7 6.2-1355)\n\nThe supervisory committee:\n\n1. Shall make or cause to be made an annual audit of the credit union, and shall\nsubmit a report of that audit to the board of directors and a summary of the\nreport to the members at the next annual meeting of the credit union;\n\n2. Shall make or cause to be made such supplementary audits and verification of\nmembers’ accounts as it deems necessary or as may be ordered by the board\nof directors, and shall submit such report to the board of directors; and\n\n3. May by unanimous vote suspend any officer of the credit union or any member\nof the credit committee or of the board of directors, until the next meeting of\nmembers, which shall be held not less than 10 nor more than 25 days after any\nsuch suspension, at which meeting such suspension shall be acted upon by the\nmembers.\n\nHISTORY: Code 1950, \u00a7 6-222; 1966, c. 584, \u00a7 6.1-213; 1974, c. 106; 1982, c.\n574; 1990, c. 373, \u00a7 6.1-225.38; 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}}