BlackletterCalifornia law

Financial Code § 14865

ARTICLE 1. General

Current as of September 28, 2026Fin. Code, § 14865Official source ↗

Added by Stats. 1980, Ch. 321, Sec. 14.

Shares issued by a credit union to a member shall be evidenced in monetary amounts rather than by numbers of shares. The shares owned by a member also may be referred to as a “share account”. There shall be no limit to the amount of shares which a credit union may issue.