California Financial Code

§ 32332

FIN § 32332Div. 15.5 · Ch. 2 · Art. 4

Statute text

The corporation shall adopt bylaws, which shall include provisions governing the election of officers; the establishment and functions of committees; eligibility criteria for loan applications and application procedures; procedures for the deposit and sale of government guaranteed securities; and the establishment of loan loss reserves.

Legislative history

Added by Stats. 1989, Ch. 1040, Sec. 10.2.