§31C-2-9. Credit unions heretofore organized need not obtainnew
charter; actions validated.
All credit unions which have been heretofore legally organized
under chapter thirty-six of the acts of the Legislature of one
thousand nine hundred twenty-five, and which are in existence on
the effective date of this section; and all credit unions which
have been heretofore legally organized under article ten of chapter
thirty-one of the code of West Virginia, one thousand nine hundred
thirty-one, as amended, and which are in existence on the effective
date of this section, shall upon the effective date of this section
be considered to have been organized under the provisions of this
article, and shall not be required to obtain a new charter or to
reorganize hereunder. All acts and things done by any such credit
unions, insofar as such acts and things shall not have constituted
any violation of law as it shall heretofore have existed, shall be
deemed valid and effective.