West Virginia Statutes
§ 31C-6-3 — Deposit accounts
West Virginia § 31C-6-3
This text of West Virginia § 31C-6-3 (Deposit accounts) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
W. Va. Code § 31C-6-3 (2026).
Text
(a)A credit union may accept deposit accounts from its members, other credit unions and governmental units subject to the terms, rates and conditions established by the board of directors.
(b)Interest may be paid on deposit accounts at various rates with due regard to the conditions that pertain to each type of account such as minimum balance, notice and time requirements.
(c)Funds in share and deposit accounts may be withdrawn for payment to the account holder or to third parties, in such manner and in accordance with such procedures as are established by the board of directors, subject to any rules the commissioner prescribes.
(d)Share and deposit accounts shall be subject to any withdrawal notice requirement which is imposed pursuant to the bylaws.
(e)A membership share may not
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Legislative History
1996 Reg. Sess., HB4527
Nearby Sections
15
§ 31C-1-1
Definitions§ 31C-1-3
Powers of commissioner§ 31C-1-4
Suspension; involuntary liquidation§ 31C-1-5
Examinations§ 31C-1-6
Records§ 31C-1-7
Reports§ 31C-1-8
Assessments§ 31C-10-1
Voluntary liquidation§ 31C-10-2
Merger of credit unions§ 31C-10-3
Conversion§ 31C-11-1
Incorporation§ 31C-11-10
Reserves§ 31C-11-11
Annual audit§ 31C-11-12
Securities exemptionCite This Page — Counsel Stack
Bluebook (online)
West Virginia § 31C-6-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/31C/31C-6-3.