Virginia § 13.1-504.2 Broker-dealer services provided by credit unions; when registration not required

Virginia Statutes

§ 13.1-504.2 — Broker-dealer services provided by credit unions; when registration not required

Virginia § 13.1-504.2

Title 13.1CORPORATIONS

Ch. 5SECURITIES ACT

Art. 3BROKERS-DEALERS, INVESTMENT ADVISORS, INVESTMENT ADVISOR REPRESENTATIVES AND AGENTS

This text of Virginia § 13.1-504.2 (Broker-dealer services provided by credit unions; when registration not required) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 13.1-504.2 (2026).

Text

A credit union may enter into an agreement with any person or entity which is a registered broker-dealer under this chapter and under the Securities Exchange Act of 1934, for the purpose of making brokerage services available to members of the credit union. The existence of such an agreement shall not of itself be sufficient to require employees of the credit union to register as an agent under the provisions of this article, so long as the employees' activities with regard to such brokerage services are limited to the providing of clerical or ministerial services.

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A credit union may enter into an agreement with any person or entity which is a registered broker-dealer under this chapter and under the Securities Exchange Act of 1934, for the purpose of making brokerage services available to members of the credit union. The existence of such an agreement shall not of itself be sufficient to require employees of the credit union to register as an agent under the provisions of this article, so long as the employees' activities with regard to such brokerage services are limited to the providing of clerical or ministerial services.