West Virginia Statutes
§ 31C-6-8 — Liens
West Virginia § 31C-6-8
This text of West Virginia § 31C-6-8 (Liens) 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-6-8 (2026).
Text
The credit union shall have a general lien on the share accounts, any membership shares, and accumulated dividends of a member for any sum owed the credit union by said member and for any loan endorsed by that member. The credit union shall also have a right of immediate set-off with respect to every deposit account. The credit union may also refuse to allow withdrawals from any share or deposit account. The credit union may waive its rights to a lien, to immediate set-off, to restrict withdrawals, or to any combination of such rights with respect to any share or deposit account or groups of such accounts.
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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-6-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/31C/31C-6-8.