California Financial Code

§ 14101

FIN § 14101 Effective Jan 1, 2013Div. 5 · Ch. 2 · Art. 1

Statute text

The articles of incorporation of every credit union shall set forth the following:

(a)The name of the corporation, which shall include the phrase “credit union.”

(b)(1) The following statement: The purpose of the corporation is to engage in credit union business and any other lawful activities which are not prohibited to a credit union by applicable laws or regulations.

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Legislative history

Amended by Stats. 2012, Ch. 494, Sec. 53. (SB 1532) Effective January 1, 2013.