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Home » US Law » 2022 West Virginia Code » Chapter 31C. Credit Unions » Article 10. Change in Corporate Status

§31C-10-1. Voluntary Liquidation

(a) A credit union may elect to dissolve voluntarily and liquidate its affairs in the manner prescribed in this section. (b) If it decides to begin the procedure, the board of directors shall adopt a resolution recommending the credit union be dissolved voluntarily, and directing that the question of liquidation be submitted to the members. […]

§31C-10-2. Merger of Credit Unions

(a) A credit union organized under this chapter may, with the approval of the commissioner and regardless of common bond, merge with one or more other credit unions organized under this chapter, the laws of another state or territory of the United States or the laws of the United States. (b) When two or more […]

§31C-10-3. Conversion

(a) A credit union incorporated under the laws of this state may be converted to a credit union organized under the laws of any other state or under the laws of the United States by complying with the following requirements: (1) The proposition for the conversion shall first be approved and a date set for […]