California Statutes
§ 14659. — 14659. (Added by Stats. 2018, Ch. 267, Sec. 4.)
California § 14659.
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 § 14659. (14659. (Added by Stats. 2018, Ch. 267, Sec. 4.)) 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 § 14659. (2026).
Text
(a)A credit union that is investing to fund an employee benefit plan obligation may purchase an investment that would otherwise be impermissible if the investment is directly related to the credit union’s obligation or potential obligation under the employee benefit plan and the credit union holds the investment only for as long as it has an actual or potential obligation under the employee benefit plan.
(b)For purposes of this section, specific authorization pursuant to Section 14653.5 is not required.
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Legislative History
Added by Stats. 2018, Ch. 267, Sec. 4. (AB 2862) Effective January 1, 2019.
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Bluebook (online)
California § 14659., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/14659..