California Statutes
§ 14400. — 14400. (Amended by Stats. 2024, Ch. 305, Sec. 1.)
California·Code FIN Financial Code - FIN·Div. 5. DIVISION 5. CREDIT UNIONS·Ch. 4. CHAPTER 4. Management and Operations·Art. 1. ARTICLE 1. General
(a)The equity capital of the credit union shall consist of the credit union’s regular reserve account, the undivided earnings account, any appropriated undivided earnings accounts, and other forms of capital approved by the commissioner.
(b)The savings capital of a credit union shall consist of the payments made by members on shares.
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California § 14400. (14400. (Amended by Stats. 2024, Ch. 305, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2024, Ch. 305, Sec. 1. (AB 2062) Effective January 1, 2025.