California Financial Code

§ 15051

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 15051Div. 5 · Ch. 7 · Art. 3

Statute text

View on leginfo.ca.gov

The board of directors shall declare the office of any director, officer, committee member, or the credit manager vacant if the person fails to reduce any obligation to the credit union for which he or she is liable in a timely manner according to the terms of the obligation.

Legislative history

Amended by Stats. 1984, Ch. 789, Sec. 16.