California § 14751. 14751. (Amended by Stats. 1984, Ch. 789, Sec. 7.)

California Statutes

§ 14751. — 14751. (Amended by Stats. 1984, Ch. 789, Sec. 7.)

California § 14751.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 5.DIVISION 5. CREDIT UNIONS

Ch. 4.CHAPTER 4. Management and Operations

Art. 8.ARTICLE 8. Penalties

This text of California § 14751. (14751. (Amended by Stats. 1984, Ch. 789, Sec. 7.)) 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 § 14751. (2026).

Text

Any officer, director, member of a committee, credit manager, or loan officer appointed pursuant to Section 14602 who violates Section 14750 is primarily liable to the credit union for the amount of any obligation that was created in violation of Section 14750. The illegality of the creation of the obligation is no defense in an action by the credit union to recover any amounts owing as a result of any obligation created in violation of Section 14750.

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Any officer, director, member of a committee, credit manager, or loan officer appointed pursuant to Section 14602 who violates Section 14750 is primarily liable to the credit union for the amount of any obligation that was created in violation of Section 14750. The illegality of the creation of the obligation is no defense in an action by the credit union to recover any amounts owing as a result of any obligation created in violation of Section 14750.

Legislative History

Amended by Stats. 1984, Ch. 789, Sec. 7.

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California § 14751., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/14751..