Chap. 150.—An ACT to amend and re-enact Section 3 of an Act entitled “An Act
to provide for the incorporation, establishment and operation of loan and savings
institutions known as ‘credit unions’.”, approved March 27, 1922. [fH B 333]

Approved March 9, 1942

1. Beit enacted by the General Assembly of Virginia, That section
three of an act entitled “An Act to provide for the incorporation, estab-
lishment and operation of loan and savings institutions known as ‘credit
unions’.”, approved March twenty-seventh, nineteen hundred twenty-two,
be amended and re-enacted, as follows:

Section 3. Restriction of term “credit union’.—The use by any
person, copartnership, association or corporation, except corporations
formed under the provisions of this act and associations or corporations
whose membership or constituency consists exclusively of credit unions
or members of credit unions, of any name or title which contains the
words “credit union’, shall be a misdemeanor, and punishable by a fine
of not less than ten nor more than one hundred dollars for each day of
the illegal use of such name, and may be enjoined by any court having
equity jurisdiction over the party or parties.