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Fin. Code, § 14804 · Chapter 5. Members

Fin. Code, § 14804

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

(a) (1) The members of a credit union shall hold an annual meeting for the election of all of the following:

(A) Directors.

(B) A supervisory committee, unless the board of directors has appointed an audit committee pursuant to Section 14556.

(C) A credit committee, if provided for in its bylaws.

(2) An annual meeting required by this subdivision shall be held at a time and place, and upon notice, as the bylaws provide.

(b) Unless prohibited by the articles or bylaws of the credit union, a regular or special meeting of the members, including an annual meeting, may be conducted, in whole or in part, by means of remote communication as set forth in subdivision (f) of Section 7510 of the Corporations Code.

Notes and commentary — not statutory text

History

Amended by Stats. 2024, Ch. 305, Sec. 7. (AB 2062) Effective January 1, 2025.

Source of truth

Edition
As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file
https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN&sectionNum=14804.
Text hash
sha256 4a158c372ca3d67ffeda5df563111925e3dc622f167fd6c25d59ef6357a18e02
Composed by
compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

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Corporations Code

Financial Code

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Financial Code

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