California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 5. CREDIT UNIONS |
Chapter 7. Loans |
ARTICLE 1. General |
Section 14957.
Latest version.
-
Whenever the directors, the credit committee, or if applicable, the credit manager, deem any loan unsafe, they may require additional security to be given by the borrower, and if such security is not furnished as required, they may declare the loan due and take action to collect the same.
(Amended by Stats. 1983, Ch. 89, Sec. 10.)