California Statutes
§ 14902. — 14902. (Amended by Stats. 1983, Ch. 263, Sec. 4.)
California § 14902.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 5.DIVISION 5. CREDIT UNIONS
Ch. 6.CHAPTER 6. Share Accounts and Certificates for Funds
Art. 2.ARTICLE 2. Dividends
This text of California § 14902. (14902. (Amended by Stats. 1983, Ch. 263, 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 § 14902. (2026).
Text
The directors of any credit union may, for the dividend period, declare dividends from its undivided profits as provided by law, but no credit union shall credit or pay any dividends or pay loan interest refunds to its members until it has transferred to its regular reserve such part of its gross income as is required by Section 14700. However, nothing in this division shall be construed to permit the credit union to credit or pay a dividend from its undivided profits account when the credit or payment would result in a deficit in the undivided profits account.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Amended by Stats. 1983, Ch. 263, Sec. 4.
Cite This Page — Counsel Stack
Bluebook (online)
California § 14902., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/14902..