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§ 1301. Dissolution authorized

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 17 Pa.C.S.A. Credit UnionsEffective: February 7, 2003

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 17 Pa.C.S.A. Credit Unions (Refs & Annos)
Chapter 13. Dissolution
Effective: February 7, 2003
17 Pa.C.S.A. § 1301
§ 1301. Dissolution authorized
Any credit union may elect to dissolve voluntarily and wind up its affairs in the manner provided in this chapter. However, if it shall appear to the department, upon an examination of the business, assets and affairs of the credit union, that its assets will probably be insufficient to pay in full its members and creditors, it shall take possession of the business and property of the credit union and retain possession until its affairs are finally liquidated.


1990, Dec. 19, P.L. 834, No. 198, § 302, effective in two months. Amended 2002, Dec. 9, P.L. 1572, No. 207, § 9, effective in 60 days.
17 Pa.C.S.A. § 1301, PA ST 17 Pa.C.S.A. § 1301
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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