California Financial Code

§ 14555

FIN § 14555Div. 5 · Ch. 4 · Art. 4

Statute text

The commissioner may, after investigation and finding that the supervisory committee is not performing in conformance with this article, declare all offices of the supervisory committee of a credit union vacant and shall direct the board of directors of the credit union to call a special meeting of the members for the purpose of electing a new supervisory committee to serve until the next regular annual meeting.

Legislative history

Amended by Stats. 1979, Ch. 811.