Financial Code section 14555

The commissioner may, after investigation and finding that the supervisory committee is not performing in conformance with this article, declare all offices of the supervisory committee of a credit union vacant and shall direct the board of directors of the credit union to call a special meeting of the members for the purpose of electing a new supervisory committee to serve until the next regular annual meeting.

Source: Section 14555, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=14555.­ (updated Jan. 1, 1979; accessed Jun. 9, 2025).

Last Updated

Jan. 1, 1979

§ 14555’s source at ca​.gov