Cal. Fin. Code § 14804
Members
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2025
As of January 1, 2011
The members of a credit union shall hold an annual meeting for the election of directors and a supervisory committee and, if provided for in its bylaws, the election of a credit committee, upon such notice and at such time and place as the bylaws provide.
(a) (1) The members of a credit union shall hold an annual meeting for the election of all of the following: (A) Directors. (B) A supervisory committee, unless the board of directors has appointed an audit committee pursuant to Section 14556. (C) A credit committee, if provided for in its bylaws. (2) An annual meeting required by this subdivision shall be held at a time and place, and upon notice, as the bylaws provide.
(b) Unless prohibited by the articles or bylaws of the credit union, a regular or special meeting of the members, including an annual meeting, may be conducted, in whole or in part, by means of remote communication as set forth in subdivision (f) of Section 7510 of the Corporations Code.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.