California Statutes
§ 14212. — 14212. (Added by Stats. 2010, Ch. 532, Sec. 46.)
California·Code FIN Financial Code - FIN·Div. 5. DIVISION 5. CREDIT UNIONS·Ch. 3. CHAPTER 3. Administration and Powers of the Commissioner·Art. 1. ARTICLE 1. General
(a)The commissioner, whenever in his or her opinion such action is necessary or appropriate to carry out his or her duties, may call a meeting of the board of directors of a credit union.
(b)A meeting of the board of a credit union called by the commissioner shall be held upon four days’ notice by first class mail or 24 hours’ notice delivered personally or by telephone. The notice shall be given
by the commissioner or, if the commissioner so orders, by an officer of the credit union.
(c)A meeting of the board of a credit union called by the commissioner shall be held at the head office of the credit union, the department office closest to the head office of the credit union, or any other place within a reasonable distance to the head office of the credit union as may be designated by
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California § 14212. (14212. (Added by Stats. 2010, Ch. 532, Sec. 46.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2010, Ch. 532, Sec. 46. (AB 1268) Effective January 1, 2011.