California Statutes
§ 15255. — 15255. (Added by Stats. 1979, Ch. 112.)
California § 15255.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 5.DIVISION 5. CREDIT UNIONS
Ch. 9.CHAPTER 9. Merger, Dissolution and Conversion
Art. 2.ARTICLE 2. Dissolution
This text of California § 15255. (15255. (Added by Stats. 1979, Ch. 112.)) 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 § 15255. (2026).
Text
After determining that all known debts and liabilities of the credit union have been paid or adequately provided for, the committee or the liquidating agent in charge of liquidation shall distribute all the remaining assets of the credit union among the members or shareholders. Each share is entitled to its proportionate amount of the assets according to the amount paid on that share.
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Legislative History
Added by Stats. 1979, Ch. 112.
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Bluebook (online)
California § 15255., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/15255..