Cal. Fin. Code § 14865

Current through the 2023 Legislative Session.

Section 14865 - Shares evidence in monetary amounts; referred to as share account; no limit on amount of shares issued

Shares issued by a credit union to a member shall be evidenced in monetary amounts rather than by numbers of shares. The shares owned by a member also may be referred to as a "share account". There shall be no limit to the amount of shares which a credit union may issue.

Ca. Fin. Code § 14865

Added by Stats. 1980, Ch. 321, Sec. 14.