California Statutes
§ 15051. — 15051. (Amended by Stats. 1984, Ch. 789, Sec. 16.)
California·Code FIN Financial Code - FIN·Div. 5. DIVISION 5. CREDIT UNIONS·Ch. 7. CHAPTER 7. Loans·Art. 3. ARTICLE 3. Loans to Directors, Officers and Committee Members
The board of directors shall declare the office of any director, officer, committee member, or the credit manager vacant if the person fails to reduce any obligation to the credit union for which he or she is liable in a timely manner according to the terms of the obligation.
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California § 15051. (15051. (Amended by Stats. 1984, Ch. 789, Sec. 16.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1984, Ch. 789, Sec. 16.