Financial Code section 14857

Every credit union may cancel the shares of any member who withdraws or is expelled, and apply the value of the shares to the liquidation of the member’s indebtedness to the credit union.

Source: Section 14857, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14857. (updated Jan. 1, 1979; accessed Jun. 24, 2026).

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Up to date

Verified:
Jun. 24, 2026

§ 14857's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_14857

Original Source: Section 14857, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14857. (last accessed May 12, 2025).