Financial Code section 32332


The corporation shall adopt bylaws, which shall include provisions governing the election of officers; the establishment and functions of committees; eligibility criteria for loan applications and application procedures; procedures for the deposit and sale of government guaranteed securities; and the establishment of loan loss reserves.

Source: Section 32332, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=32332.­ (updated Jan. 1, 1989; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 32332's source at ca​.gov