Every credit union may receive money and accumulate funds to be loaned and execute certificates for funds for the money received. The certificates for funds shall specify the date, amount, rate of interest, and when the principal and interest are payable.
Cal. Fin. Code § 14855
General
Known as the California Credit Union Law
The act spans §§ 14000–16906 (329 sections).
Added by Stats. 1979, Ch. 112.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.