                                 CODE OF VIRGINIA

AMENDMENTS TO ARTICLES OF INCORPORATION AND BYLAWS (§ 6.2-1323)

A. Subject to the provisions of subsection B and &#xA7;&#xA7; 13.1-886,
13.1-892, and 13.1-893, the articles of incorporation or the bylaws of a credit
union may be amended as provided in the articles and bylaws, as the case may be.
Amendments to the articles of incorporation shall be accomplished as provided in
&#xA7;&#xA7; 13.1-888 and 13.1-889.

B. If proposed amendments to the articles of incorporation or bylaws include an
amendment to expand the field of membership of a credit union, then the
amendments shall be submitted to the Commissioner, who shall approve or
disapprove them within 30 days. No amendments to the articles of incorporation
or bylaws that include an amendment to expand the field of membership shall be
effective until such amendment has been approved by the Commissioner, who may
extend the period for approval as he may deem necessary for as much as an
additional 30 days.

HISTORY: Code 1950, § 6-208; 1966, c. 584, § 6.1-199; 1990, c. 373, §
6.1-225.16; 1999, c. 63; 2010, c. 794; 2012, cc. 44, 560.