Pursuant to § 6.2-1377 of the Code of Virginia, a state credit union shall establish and maintain a regular reserve account in accordance with applicable provisions of Part 702 of the National Credit Union Administration Rules and Regulations, 12 CFR 702.1 through 702.403, regardless of § 6.2-1377 of the Code of Virginia.

Statutory Authority

§§ 6.2-1303 and 12.1-13 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 18, Issue 8, eff. December 15, 2001; amended, Virginia Register Volume 28, Issue 1, eff. September 1, 2011.