Promptly after a foreign (other state) credit union relocates or discontinues a California branch office or California facility pursuant to this article, the foreign (other state) credit union shall surrender to the commissioner the license which authorized the foreign (other state) credit union to maintain the California branch office or California facility at the old or discontinued site.
Cal. Fin. Code § 16077
Relocation or Discontinuance of California Branch Office or California Facility
Known as the California Credit Union Law
The act spans §§ 14000–16906 (329 sections).
Added by Stats. 2000, Ch. 612, Sec. 3
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.