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California Law (Last Updated: March 4, 2014) |
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Financial Code - FIN |
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Division 5. CREDIT UNIONS |
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Chapter 4. Management and Operations |
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ARTICLE 4. Supervisory Committee |
Section 14555.
Latest version.
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The commissioner may, after investigation and finding that the supervisory committee is not performing in conformance with this article, declare all offices of the supervisory committee of a credit union vacant and shall direct the board of directors of the credit union to call a special meeting of the members for the purpose of electing a new supervisory committee to serve until the next regular annual meeting.
(Amended by Stats. 1979, Ch. 811.)