California Financial Code

§ 14656

FIN § 14656Div. 5 · Ch. 4 · Art. 6

Statute text

A credit union may, in accordance with rules and regulations prescribed by the commissioner, purchase from any liquidating credit union notes made by individual members of such liquidating credit union, at such prices and under such terms as may be agreed upon by the board of directors of the purchasing credit union and the board of directors, or liquidating agent, of the liquidating credit union.

Legislative history

Added by Stats. 1979, Ch. 112.