California Statutes
§ 15260. — 15260. (Added by Stats. 1979, Ch. 112.)
California·Code FIN Financial Code - FIN·Div. 5. DIVISION 5. CREDIT UNIONS·Ch. 9. CHAPTER 9. Merger, Dissolution and Conversion·Art. 2. ARTICLE 2. Dissolution
Where the commissioner finds that on the date of filing with the Secretary of State of the certificate of election to wind up and dissolve, the credit union does not have sufficient assets to return to its shareholders their investment in full, the credit union shall not be liable for the costs of administration assessed under Article 4 (commencing with Section 14350) of Chapter 3.
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California § 15260. (15260. (Added by Stats. 1979, Ch. 112.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1979, Ch. 112.