California Financial Code

§ 14805

FIN § 14805 Effective Jan 1, 2025Div. 5 · Ch. 5

Statute text

(a)Special meetings of members may be held upon order of the board of directors. Special meetings of members shall be held upon the written request of 10 members or 3 percent of the membership, whichever is greater. Notice of special meetings shall be given to all members specifying the date, time, place, and purpose of the meeting.

(b)Unless prohibited by the articles or bylaws of the credit union, a regular or special meeting of members, including an annual meeting, may be conducted, in whole or in part, by means of remote communication as set forth in subdivision (f) of Section 7510 of the Corporations Code.

Legislative history

Amended by Stats. 2024, Ch. 305, Sec. 8. (AB 2062) Effective January 1, 2025.