California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 5. CREDIT UNIONS |
Chapter 9. Merger, Dissolution and Conversion |
ARTICLE 3. Conversion Into Federal Credit Unions |
Section 15302.
Latest version.
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Within 10 days after the meeting or written vote at which the members determine to convert into a federal credit union, the credit union shall file with the commissioner a certificate verified by the board of directors of such credit union. The certificate shall contain a copy of the minutes of the meeting or a copy of the written ballot and the results of the written vote and a statement that the members have approved the determination to convert such credit union into a federal credit union. A copy of such certificate shall be filed with the Secretary of State.
(Amended by Stats. 1980, Ch. 413, Sec. 6.)