Financial Code section 14453

The board of directors of every credit union shall have the general management of the affairs, funds, and records of the credit union. The board shall meet on a regular basis, not less than quarterly, as reasonably determined by the board. The board may appoint an executive committee of no fewer than three directors, to serve at its pleasure, to act as expressly approved by the board of directors in accordance with the laws and regulations.

Source: Section 14453, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=14453.­ (updated Jan. 1, 2017; accessed Sep. 22, 2025).

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Verified:
Sep. 22, 2025

§ 14453's source at ca​.gov