California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 5. CREDIT UNIONS |
Chapter 6. Share Accounts and Certificates for Funds |
ARTICLE 1. General |
Section 14866.
Latest version.
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The evidence of credit union shares issued shall be a certificate, a passbook, a statement or other evidence approved by regulation of the commissioner. The evidence of any credit union shares shall not constitute an "investment security" under Division 8 (commencing with Section 8101) of the Commercial Code.
(Amended by Stats. 1983, Ch. 89, Sec. 8.)