Cal. Fin. Code § 14857

Current through the 2023 Legislative Session.

Section 14857 - Cancellation of shares of expelled or withdrawn members

Every credit union may cancel the shares of any member who withdraws or is expelled, and apply the value of the shares to the liquidation of the member's indebtedness to the credit union.

Ca. Fin. Code § 14857

Added by Stats. 1979, Ch. 112.