A. 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.

B. Shares shall be subordinate to all other obligations of the credit union.

History

1990, c. 373, § 6.1-225.2; 1999, c. 63; 2010, c. 794.