Financial Code section 14954

For the purposes of this chapter, a person who is not an applicant for an extension of credit or the creation of an obligation with the credit union but guarantees performance of the underlying obligation is a surety. A surety may act as security pursuant to subdivision (a) of Section 14955.

Source: Section 14954, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14954. (updated Jan. 1, 1985; accessed Jun. 18, 2026).

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Up to date

Verified:
Jun. 18, 2026

§ 14954's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_14954

Original Source: Section 14954, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14954. (last accessed May 12, 2025).