California Statutes
§ 14703. — 14703. (Amended by Stats. 2004, Ch. 324, Sec. 2.)
California·Code FIN Financial Code - FIN·Div. 5. DIVISION 5. CREDIT UNIONS·Ch. 4. CHAPTER 4. Management and Operations·Art. 7. ARTICLE 7. Reserves
A credit union shall establish and maintain an allowance-for-loan-losses account in accordance with generally accepted accounting principles. The commissioner may order the credit union to increase the amount of its allowance-for-loan-losses account if the commissioner finds that the amount of the account is not adequate.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 14703. (14703. (Amended by Stats. 2004, Ch. 324, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2004, Ch. 324, Sec. 2. Effective January 1, 2005.