Ownership of a share account confers membership and voting rights as set forth in the credit union bylaws and represents an interest in the capital of the credit union upon dissolution or conversion to another type of institution.
Va. Code Ann. § 6.2-1301
Effect of ownership of a share account
1990, c. 373, § 6.1-225.2; 1999, c. 63; 2010, c. 794; 2022, cc. 675, 676.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.