Home/California/Statutes/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/§ 15051.
California Statutes

§ 15051. — 15051. (Amended by Stats. 1984, Ch. 789, Sec. 16.)

California § 15051.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 5.DIVISION 5. CREDIT UNIONS
Ch. 7.CHAPTER 7. Loans
Art. 3.ARTICLE 3. Loans to Directors, Officers and Committee Members

This text of California § 15051. (15051. (Amended by Stats. 1984, Ch. 789, Sec. 16.)) 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 § 15051. (2026).

Text

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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Legislative History

Amended by Stats. 1984, Ch. 789, Sec. 16.
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California § 15051., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/15051..