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Financial Code - FIN - FIN § 1409

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1409

When a statement of account has been rendered by a bank to a depositor accompanied by vouchers, if any, which are the basis for debit entries in such account, such account shall, after the period of four years from the date of its rendition, in the event no objection thereto has

Financial Code - FIN - FIN § 141

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 141

“Approved by (or approval of) the shareholders” has the meaning set forth in Section 153 of the Corporations Code and shall include approval or ratification by the affirmative vote or written consent of such proportion (including all) greater than a majority of the shares of any

Financial Code - FIN - FIN § 1410

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1410

(a) No bank shall impose any charge on a savings account or on a depositor for the failure of a depositor to deposit, or for the late deposit of, any agreed periodic installment deposit into that account. A bank shall pay interest on savings accounts as to which a depositor has a

Financial Code - FIN - FIN § 14100

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14100

(a) Credit unions shall be incorporated under the Nonprofit Mutual Benefit Corporation Law of this state. (b) The Secretary of State shall not file the articles of incorporation of a credit union organized pursuant to subdivision (a) unless the approval of the commissioner is end

Financial Code - FIN - FIN § 14101

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14101

The articles of incorporation of every credit union shall set forth the following: (a) The name of the corporation, which shall include the phrase “credit union.” (b) (1) The following statement: The purpose of the corporation is to engage in credit union business and any other l

Financial Code - FIN - FIN § 14101.2

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14101.2

(a) The articles shall be signed by each director named in the articles, acknowledged pursuant to Section 5030 of the Corporations Code and filed in the office of the Secretary of State. (b) Corporate existence shall begin upon the filing of the articles and shall continue perpet

Financial Code - FIN - FIN § 14101.4

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14101.4

(a) The provisions of Section 14101, except as provided in subdivision (b) of that section, shall not apply to a credit union organized prior to January 1, 1981, but the articles of the credit union shall continue to be governed by the law applicable as of December 31, 1980, unti

Financial Code - FIN - FIN § 14101.6

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14101.6

(a) Every credit union shall, within 90 days after the filing of its original articles and annually thereafter during the applicable filing period in each year, file, in a form prescribed by the Secretary of State, a statement containing: (1) the name of the credit union and the

Financial Code - FIN - FIN § 14101.8

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14101.8

(a) No amendment of the articles of a credit union shall become effective unless the certificate of amendment or other instrument setting forth the amendment is filed with the Secretary of State with the commissioner’s approval endorsed thereon. The amendment shall become effecti

Financial Code - FIN - FIN § 14102

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14102

(a) Amendments to the articles of incorporation of any credit union may be adopted by resolution of the board of directors, which is also adopted by a vote of a majority of the members of the credit union present, in person or by proxy, as provided in the credit union’s bylaws, a

Financial Code - FIN - FIN § 14102.2

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14102.2

(a) No restated articles of a credit union shall become effective unless the certificate setting forth the restated articles, with the commissioner’s approval endorsed thereon, is filed with the Secretary of State. The restated articles shall become effective upon being filed wit

Financial Code - FIN - FIN § 14102.4

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14102.4

(a) No certificate of correction of a credit union shall become effective unless the certificate, with the commissioner’s approval endorsed thereon, is filed with the Secretary of State. The certificate of correction shall become effective upon being filed with the Secretary of S

Financial Code - FIN - FIN § 14102.6

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14102.6

(a) No certificate of revocation by a credit union shall become effective unless the certificate, with the commissioner’s approval endorsed thereon, is filed with the Secretary of State. The certificate of revocation shall become effective upon being filed with the Secretary of S

Financial Code - FIN - FIN § 14103

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14103

The bylaws shall prescribe the manner in which the business of the credit union shall be conducted with reference to the following matters: (a) The purpose of the credit union. (b) The qualification for membership. (c) Determination of the month, time, and place of the annual mee

Financial Code - FIN - FIN § 1411

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1411

(a) For the purposes of this section: (1) “Customer” means one or more natural persons. (2) “Debt” means an interest-bearing obligation or an obligation which by its terms is payable in installments, which has not been reduced to judgment, arising from an extension of credit to a

Financial Code - FIN - FIN § 1415

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1415

(a) For purposes of this section, the following definitions apply: (1) “Nonqualifying account” means a deposit account, other than a demand deposit account, that is not a qualifying account. (2) “Qualifying account” means a deposit account, other than a demand deposit account, th

Financial Code - FIN - FIN § 14150

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14150

No membership shares, certificates for funds or other securities shall be issued by any credit union until it has applied for and obtained from the commissioner a certificate authorizing it to act as a credit union.

Financial Code - FIN - FIN § 14151

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14151

Applications for a certificate to act as a credit union shall be made in writing to the commissioner, setting forth such information as the commissioner requires. The application shall be verified by one or more officers of the credit union authorized by its board of directors.

Financial Code - FIN - FIN § 14152

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14152

At the time of filing an application to operate as a credit union, the applicant shall pay to the commissioner a filing fee of five dollars ($5).

Financial Code - FIN - FIN § 14153

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14153

Upon the filing of the application for a certificate to act as a credit union, the commissioner shall examine the application together with the other papers and documents filed therewith. The commissioner may make any further investigation of the applicant and its affairs that he

Financial Code - FIN - FIN § 14154

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14154

If the commissioner determines that the applicant has satisfied the provisions of this division and does not find facts constituting reasons for denial as specified in Section 14155, the commissioner shall issue and deliver a certificate to the applicant to engage in business in

Financial Code - FIN - FIN § 14155

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14155

Upon reasonable notice and opportunity to be heard, the commissioner may deny the application for a certificate to act as a credit union or an expansion of the field of membership of an existing credit union for any of the following reasons: (a) The field of membership of the app

Financial Code - FIN - FIN § 14156

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14156

Each certificate issued under this division remains in full force and effect until surrendered and accepted by the commissioner, or until suspended or revoked by the commissioner.

Financial Code - FIN - FIN § 1420

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1420

As used in this article: (a) “Depository institution” means any of the following: (1) Any insured bank as defined in Section 3 of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1811 et seq.) or any bank which is eligible to make application to become an insured bank under Sect

Financial Code - FIN - FIN § 14200

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14200

The powers of supervision and examination of all credit unions organized under the provisions of this division are vested in the commissioner.