Va. Code Ann. § 6.2-1131
This is the official text of Va. Code Ann. § 6.2-1131, part of Virginia’s Code of Virginia — the complete compiled statutory law of Virginia, organized into 60+ numbered titles by subject.
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Liability of members of mutual savings institutions
Official statutory text
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.
1985, c. 425, § 6.1-194.24; 2010, c. 794 .
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.
1985, c. 425, § 6.1-194.24; 2010, c. 794 .
Status: in_force · Read it on the official government site
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