“Obligation” means any contractual obligation to the credit union for money borrowed or credit extended or guaranteed from its members, including, but not limited to, loans, lines of credit, agreements to extend credit, and lease agreements.
Cal. Fin. Code § 14007
Definitions
Known as the California Credit Union Law
The act spans §§ 14000–16906 (329 sections).
Added by Stats. 1984, Ch. 789, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.