California § 14650. 14650. (Added by Stats. 1979, Ch. 112.)

California Statutes

§ 14650. — 14650. (Added by Stats. 1979, Ch. 112.)

California § 14650.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 5.DIVISION 5. CREDIT UNIONS

Ch. 4.CHAPTER 4. Management and Operations

Art. 6.ARTICLE 6. Investments

This text of California § 14650. (14650. (Added by Stats. 1979, Ch. 112.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 14650. (2026).

Text

Subject to the limitations of Sections 14402, 14403, and 14404, any credit union or credit unions may purchase, acquire and hold outstanding shares of a corporation engaged exclusively in holding property of the character described in Section 14402 and which property is or is to be used for the purposes set forth in Section 14402. The purchase or acquisition of stock of any such corporation shall be approved by two-thirds of all the directors of such credit union or credit unions.

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Subject to the limitations of Sections 14402, 14403, and 14404, any credit union or credit unions may purchase, acquire and hold outstanding shares of a corporation engaged exclusively in holding property of the character described in Section 14402 and which property is or is to be used for the purposes set forth in Section 14402. The purchase or acquisition of stock of any such corporation shall be approved by two-thirds of all the directors of such credit union or credit unions.

Legislative History

Added by Stats. 1979, Ch. 112.

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California § 14650., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/14650..