Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 5.: DIVISION 5. CREDIT UNIONS/Ch. 6.: CHAPTER 6. Share Accounts and Certificates for Funds/Art. 1.: ARTICLE 1. General/§ 14850.
California Statutes

§ 14850. — 14850. (Amended by Stats. 1980, Ch. 321, Sec. 12.)

California § 14850.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 5.DIVISION 5. CREDIT UNIONS
Ch. 6.CHAPTER 6. Share Accounts and Certificates for Funds
Art. 1.ARTICLE 1. General

This text of California § 14850. (14850. (Amended by Stats. 1980, Ch. 321, Sec. 12.)) 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 § 14850. (2026).

Text

The Corporate Securities Law relating to the necessity of qualification of the sale of securities does not apply to the sale and issue of membership shares, certificates for funds, and other securities, by credit unions organized under this division or lawfully doing business in this state. No credit union lawfully doing business in this state shall be required to file a certificate for determination of preference with the office of the Secretary of State in connection with any share offering so long as it complies with all applicable provisions of this division and the rules of the commissioner.

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Legislative History

Amended by Stats. 1980, Ch. 321, Sec. 12.
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California § 14850., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/14850..