California Statutes
§ 14751. — 14751. (Amended by Stats. 1984, Ch. 789, Sec. 7.)
California·Code FIN Financial Code - FIN·Div. 5. DIVISION 5. CREDIT UNIONS·Ch. 4. CHAPTER 4. Management and Operations·Art. 8. ARTICLE 8. Penalties
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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California § 14751. (14751. (Amended by Stats. 1984, Ch. 789, Sec. 7.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1984, Ch. 789, Sec. 7.