California Financial Code

§ 14851

FIN § 14851 Effective Jan 1, 2022Div. 5 · Ch. 6 · Art. 1

Statute text

(a)A credit union may issue shares as follows:

(1)To a member qualified pursuant to the credit union’s bylaws.

(2)To an officer, employee, or agent of nonmember units of federal, Indian tribal, state, or local governments, and political subdivisions thereof, when acting in that officer’s, employee’s, or agent’s official capacity.

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Legislative history

Amended by Stats. 2021, Ch. 762, Sec. 9. (SB 269) Effective January 1, 2022.