Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 5.: DIVISION 5. CREDIT UNIONS/Ch. 9.: CHAPTER 9. Merger, Dissolution and Conversion/Art. 2.: ARTICLE 2. Dissolution/§ 15260.
California Statutes

§ 15260. — 15260. (Added by Stats. 1979, Ch. 112.)

California § 15260.
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 § 15260. (15260. (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 § 15260. (2026).

Text

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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Legislative History

Added by Stats. 1979, Ch. 112.
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California § 15260., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/15260..