{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1358.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1358.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1358.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1358.html"}],"law_id":54619,"edition_id":1,"section_id":54619,"structure_id":13647,"section_number":"6.2-1358","catch_line":"Share accounts","history":"Code 1950, \u00a7 6-214; 1956, c. 90; 1966, c. 584, \u00a7 6.1-206; 1968, c. 560; 1975, c. 33; 1990, c. 373, \u00a7 6.1-225.41; 2010, c. 794.","full_text":"A\n\nEvery credit union may issue shares to and maintain share accounts for any member qualified pursuant to the credit union’s bylaws.B\n\nShares and share accounts may be withdrawn for payment to the account holder or to third parties in such manner and in accordance with such procedures as may be established by the board of directors.C\n\nShares and share accounts shall be subject to any withdrawal notice requirement that may be imposed pursuant to the credit union bylaws.","order_by":null,"text":{"0":{"id":200603,"text":"Every credit union may issue shares to and maintain share accounts for any member qualified pursuant to the credit union’s bylaws.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":200604,"text":"Shares and share accounts may be withdrawn for payment to the account holder or to third parties in such manner and in accordance with such procedures as may be established by the board of directors.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":200605,"text":"Shares and share accounts shall be subject to any withdrawal notice requirement that may be imposed pursuant to the credit union bylaws.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13647,"edition_id":1,"name":"Accounts","identifier":"8","label":"article","depth":4,"order_by":1,"parent_id":13635,"metadata":{},"date_created":"2026-06-26 03:45:28","date_modified":"2026-06-26 03:45:28","permalink":{"id":264821,"object_type":"structure","relational_id":13647,"identifier":"8","token":"6.2\/II\/13\/8","url":"\/6.2\/II\/13\/8\/","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":54619,"structure_id":13647,"section_number":"6.2-1358","catch_line":"Share accounts","url":"\/6.2-1358\/","token":"6.2\/II\/13\/8\/6.2-1358","metadata":false},{"id":56262,"structure_id":13647,"section_number":"6.2-1359","catch_line":"Payment for shares; transfers; lien on shares","url":"\/6.2-1359\/","token":"6.2\/II\/13\/8\/6.2-1359","metadata":false},{"id":66098,"structure_id":13647,"section_number":"6.2-1360","catch_line":"Dividends","url":"\/6.2-1360\/","token":"6.2\/II\/13\/8\/6.2-1360","metadata":false},{"id":76027,"structure_id":13647,"section_number":"6.2-1361","catch_line":"Ascertaining value of assets","url":"\/6.2-1361\/","token":"6.2\/II\/13\/8\/6.2-1361","metadata":false},{"id":77351,"structure_id":13647,"section_number":"6.2-1362","catch_line":"Minors' accounts","url":"\/6.2-1362\/","token":"6.2\/II\/13\/8\/6.2-1362","metadata":false},{"id":78357,"structure_id":13647,"section_number":"6.2-1363","catch_line":"Individual retirement accounts and retirement or pension plans","url":"\/6.2-1363\/","token":"6.2\/II\/13\/8\/6.2-1363","metadata":false},{"id":78569,"structure_id":13647,"section_number":"6.2-1364","catch_line":"Acceptance of money under Virginia Uniform Transfers to Minors Act","url":"\/6.2-1364\/","token":"6.2\/II\/13\/8\/6.2-1364","metadata":false},{"id":74989,"structure_id":13647,"section_number":"6.2-1365","catch_line":"Accounts of deceased or incapacitated person","url":"\/6.2-1365\/","token":"6.2\/II\/13\/8\/6.2-1365","metadata":false},{"id":73218,"structure_id":13647,"section_number":"6.2-1366","catch_line":"Repealed","url":"\/6.2-1366\/","token":"6.2\/II\/13\/8\/6.2-1366","metadata":false},{"id":64186,"structure_id":13647,"section_number":"6.2-1367","catch_line":"Application of provisions to federal credit unions","url":"\/6.2-1367\/","token":"6.2\/II\/13\/8\/6.2-1367","metadata":false},{"id":71854,"structure_id":13647,"section_number":"6.2-1368","catch_line":"Accounts of fiduciaries","url":"\/6.2-1368\/","token":"6.2\/II\/13\/8\/6.2-1368","metadata":false},{"id":80853,"structure_id":13647,"section_number":"6.2-1369","catch_line":"Credit union need not inquire as to fiduciary funds used to purchase shares in fiduciary's personal account","url":"\/6.2-1369\/","token":"6.2\/II\/13\/8\/6.2-1369","metadata":false}],"next_section":{"id":56262,"structure_id":13647,"section_number":"6.2-1359","catch_line":"Payment for shares; transfers; lien on shares","url":"\/6.2-1359\/","token":"6.2\/II\/13\/8\/6.2-1359","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1358\/","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 90; in 1966, chapter 584; in 1968, chapter 560; in 1975, chapter 33; in 1990, chapter 373; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":264823,"object_type":"law","relational_id":54619,"identifier":"6.2-1358","token":"6.2\/II\/13\/8\/6.2-1358","url":"\/6.2-1358\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1358\/","token":"6.2\/II\/13\/8\/6.2-1358","dublin_core":{"Title":"Share accounts","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1358","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Every credit union<\/span> may issue<\/span> shares<\/span> to and maintain share accounts<\/span> for any member<\/span> qualified pursuant to the credit union<\/span>’s bylaws. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Shares<\/span> and share accounts<\/span> may be withdrawn for payment to the account holder or to third parties in such manner and in accordance with such procedures as may be established by the board of directors. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Shares<\/span> and share accounts<\/span> shall be subject to any withdrawal notice requirement that may be imposed pursuant to the credit union<\/span> bylaws. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSHARE ACCOUNTS (\u00a7 6.2-1358)\n\nA. Every credit union may issue shares to and maintain share accounts for any\nmember qualified pursuant to the credit union’s bylaws.\n\nB. Shares and share accounts may be withdrawn for payment to the account holder\nor to third parties in such manner and in accordance with such procedures as may\nbe established by the board of directors.\n\nC. Shares and share accounts shall be subject to any withdrawal notice\nrequirement that may be imposed pursuant to the credit union bylaws.\n\nHISTORY: Code 1950, \u00a7 6-214; 1956, c. 90; 1966, c. 584, \u00a7 6.1-206; 1968, c.\n560; 1975, c. 33; 1990, c. 373, \u00a7 6.1-225.41; 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}}