California Financial Code

§ 14400

FIN § 14400 Effective Jan 1, 2025Div. 5 · Ch. 4 · Art. 1

Statute text

(a)The equity capital of the credit union shall consist of the credit union’s regular reserve account, the undivided earnings account, any appropriated undivided earnings accounts, and other forms of capital approved by the commissioner.

(b)The savings capital of a credit union shall consist of the payments made by members on shares.

Legislative history

Amended by Stats. 2024, Ch. 305, Sec. 1. (AB 2062) Effective January 1, 2025.