Pennsylvania § 1301 - Dissolution authorized.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 1301 — Dissolution authorized., with citation guidance and answers to common questions.
§ 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.
(Dec. 9, 2002, P.L.1572, No.207, eff. 60 days)
Frequently Asked Questions About Pennsylvania § 1301
What does Pennsylvania Consolidated Statutes § 1301 cover?
Section 1301 ("Dissolution authorized.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 1301?
A common citation format is "Pennsylvania Consolidated Statutes § 1301" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 1301 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.