California Financial Code

§ 14453

FIN § 14453 Effective Jan 1, 2017Div. 5 · Ch. 4 · Art. 2

Statute text

The board of directors of every credit union shall have the general management of the affairs, funds, and records of the credit union. The board shall meet on a regular basis, not less than quarterly, as reasonably determined by the board. The board may appoint an executive committee of no fewer than three directors, to serve at its pleasure, to act as expressly approved by the board of directors in accordance with the laws and regulations.

Legislative history

Amended by Stats. 2016, Ch. 353, Sec. 3. (AB 2274) Effective January 1, 2017.