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Cal. Fin. Code § 14555

Supervisory Committee

Known as the California Credit Union Law

The act spans §§ 14000–16906 (329 sections).

Amended by Stats. 1979, Ch. 811.

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.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.