A credit manager shall not disburse or have the authority to authorize any person to disburse the proceeds of any loan. A credit manager shall not authorize or make loans to other credit unions.
Cal. Fin. Code § 14605
Credit Committee and Loan Officers
Known as the California Credit Union Law
The act spans §§ 14000–16906 (329 sections).
Added by Stats. 1982, Ch. 691, Sec. 12.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.