California Financial Code

§ 14551

FIN § 14551 Effective Jan 1, 1997Div. 5 · Ch. 4 · Art. 4

Statute text

The supervisory committee may:

(a)Suspend at any time by unanimous vote, at a meeting called for that purpose, the credit committee, or any member thereof, or the credit manager, or any member of the board of directors, or any officer.

(b)By a majority vote call a meeting of the members to consider any violation of this division or the bylaws, or any practices of the credit union which, in the opinion of the committee, are unsafe or unauthorized.

…

Legislative history

Amended by Stats. 1996, Ch. 330, Sec. 1. Effective January 1, 1997.