                                 CODE OF VIRGINIA

LIABILITY OF MEMBERS OF MUTUAL SAVINGS INSTITUTIONS (§ 6.2-1131)

A. No member of a mutual savings institution shall be responsible for any losses
that the savings account deposits shall not be sufficient to satisfy.

B. No savings account shall be subject to assessment for any unpaid installments
on his account.

C. The holder of a savings account shall not be liable for any unpaid
installments on his account.

D. No preference between savings account members of a mutual savings institution
shall be created with respect to the distribution of assets upon voluntary or
involuntary liquidation, dissolution, or winding up of such institution.

HISTORY: 1985, c. 425, § 6.1-194.24; 2010, c. 794.