Financial Code section 14654

Credit unions may purchase from the vendor or lessor of any personal property, conditional sale contracts or vehicle lease agreements covering the sale or lease of that property or vehicle to its members. The credit union may hold and retain any such conditional sale contract or vehicle lease agreement as an investment.

Source: Section 14654, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14654. (updated Jan. 1, 1982; accessed Dec. 29, 2025).

14650
14651
14652
14652.5
14653
14653.5
14654
14656
14657
14659

Up to date

Verified:
Dec. 29, 2025

§ 14654's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_14654

Original Source: Section 14654, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14654. (last accessed May 12, 2025).