- 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.