Cal. Fin. Code § 14761

Current through the 2023 Legislative Session.
Section 14761 - Guaranty or endorsement beyond amount of loans and discounts credit union may lawfully make

Any officer or agent of any credit union who makes or delivers any guaranty or endorsement on behalf of the credit union whereby the credit union may become liable upon any of the credit union's discounted notes, bills, or obligations in a sum beyond the amount of loans and discounts which the credit union may lawfully make, is guilty of a misdemeanor.

Ca. Fin. Code § 14761

Added by Stats. 1986, Ch. 673, Sec. 10.