West Virginia CHAPTER 31C. — CREDIT UNIONS
- CHAPTER 31C. — CREDIT UNIONS.
- ARTICLE 1. — SUPERVISION AND REGULATION.
- §31C-1-1. — Definitions.
- §31C-1-2. — Authority of commissioner and board of banking and financial institutions.
- §31C-1-3. — Powers of commissioner.
- §31C-1-4. — Suspension; involuntary liquidation.
- §31C-1-5. — Examinations.
- §31C-1-6. — Records.
- §31C-1-7. — Reports.
- §31C-1-8. — Assessments.
- ARTICLE 2. — FORMATION OF CREDIT UNION.
- §31C-2-1. — Organization procedure.
- §31C-2-2. — Certification of charter; and certificate of authority.
- §31C-2-3. — Articles and bylaws.
- §31C-2-4. — Use of name exclusive.
- §31C-2-5. — Branches and other service facilities.
- §31C-2-6. — Out-of-state credit unions.
- §31C-2-7. — Conducting business outside this state.
- §31C-2-8. — Tax exemption.
- §31C-2-9. — Credit unions heretofore organized need not obtainnew charter; actions validated.
- ARTICLE 3. — POWERS OF CREDIT UNION.
- §31C-3-1. — General powers.
- §31C-3-2. — Incidental powers.
- §31C-3-3. — Advantageous federal powers.
- ARTICLE 4. — MEMBERSHIP.
- §31C-4-1. — Membership defined.
- §31C-4-2. — Organizations.
- §31C-4-3. — Membership applications.
- §31C-4-4. — Members who cease to be eligible.
- §31C-4-5. — Liability and expulsion of members.
- §31C-4-6. — Meetings of members.
- §31C-4-7. — Calling of special meeting.
- ARTICLE 5. — DIRECTION OF CREDIT UNION AFFAIRS.
- §31C-5-1. — Authority and responsibility of directors.
- §31C-5-2. — Election of directors and selection of supervisory and credit committee members.
- §31C-5-3. — Record of officials; and filling vacancies.
- §31C-5-4. — Compensation of officials; and conflicts of interests.
- §31C-5-5. — Officers.
- §31C-5-6. — Executive committee.
- §31C-5-7. — Credit committee and loan officers.
- §31C-5-8. — Audits.
- §31C-5-9. — Fidelity bonds, required oaths and hazard insurance.
- §31C-5-10. — Suspension and removal of officials.
- §31C-5-11. — Inspection of books and records by members.
- ARTICLE 6. — ACCOUNTS.
- §31C-6-1. — Share accounts and membership shares.
- §31C-6-2. — Dividends.
- §31C-6-3. — Deposit accounts.
- 31C-6-4. — Minor accounts.
- 31C-6-5. — Joint accounts.
- 31C-6-6. — Trust accounts.
- §31C-6-7. — Payable-on-death accounts.
- §31C-6-8. — Liens.
- §31C-6-9. — Share and deposit insurance.
- §31C-6-10. — Reduction in shares.
- ARTICLE 7. — LOANS.
- §31C-7-1. — Purpose and conditions of loans.
- §31C-7-2. — Finance charge.
- §31C-7-3. — Additional charges.
- §31C-7-4. — Applications.
- §31C-7-5. — Loan limit; collateral requirements; and repayment.
- §31C-7-6. — Line of credit.
- §31C-7-7. — Participation loans.
- §31C-7-8. — Other loan programs.
- §31C-7-9. — Loans to officials.
- ARTICLE 8. — OTHER MEMBER SERVICES.
- §31C-8-1. — Insurance for members.
- §31C-8-2. — Indemnification of officers.
- §31C-8-3. — Group purchasing.
- §31C-8-4. — Money-type instruments.
- §31C-8-5. — Retirement accounts and trust authority.
- ARTICLE 9. — INVESTMENTS AND RESERVE ALLOCATIONS.
- §31C-9-1. — Investment and deposit of funds.
- §31C-9-2. — Authorized investments.
- §31C-9-3. — Reserve funds.
- ARTICLE 10. — CHANGE IN CORPORATE STATUS.
- §31C-10-1. — Voluntary liquidation.
- §31C-10-2. — Merger of credit unions.
- §31C-10-3. — Conversion.
- ARTICLE 11. — CORPORATE CREDIT UNION.
- §31C-11-1. — Incorporation.
- §31C-11-2. — Purposes.
- §31C-11-3. — Membership.
- §31C-11-4. — Organization.
- §31C-11-5. — Powers and privileges.
- §31C-11-6. — Participation in central system.
- §31C-11-7. — Security interest.
- §31C-11-8. — Meetings.
- §31C-11-9. — Fees.
- §31C-11-10. — Reserves.
- §31C-11-11. — Annual audit.
- §31C-11-12. — Securities exemption.
- ARTICLE 12. — PENALTIES.
- §31C-12-1. — Criminal liability.
- §31C-12-2. — Penalty for false reports.
- §31C-12-3. — Civil penalties.