Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA FINANCIAL CODEDivision 5 - CREDIT UNIONSChapter 3 - ADMINISTRATION AND POWERS OF THE COMMISSIONER
Article 4 - COSTS OF ADMINISTRATION
Section 14350 - Annual assessment levied and collected

Cal. Fin. Code § 14350

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Current through the 2023 Legislative Session.
Section 14350 - Annual assessment levied and collected

The commissioner shall annually levy on and collect from credit unions holding certificates authorizing them to act as credit unions, pro rata on the basis of total assets, an assessment in a total amount that is sufficient in the commissioner's opinion to (a) meet the expenses of the department in administering this division and other laws relating to credit unions or the credit union business that are not otherwise provided for and (b) provide a reasonable reserve for contingencies.

Ca. Fin. Code § 14350

Repealed (Jan. 1, 1999) and added by Stats. 1998, Ch. 539, Sec. 9. Effective January 1, 1999. Adding action operative July 1, 1999, by Sec. 47 of Ch. 539.