CHAPTER 2. Formation [14100. - 14156.]

Chapter 2 added by Stats. 1979, Ch. 112.

§§ 14100–14156 · 18 sections

1. ARTICLE 1. Incorporation and Bylaws §§ 14100–14103 · 11 sections

   • § 14100 (a) Credit unions shall be incorporated under the Nonprofit Mutual Benefit Corporation Law of this state. (b) The Secretary of State shall not file the…
   • § 14101 The articles of incorporation of every credit union shall set forth the following: (a) The name of the corporation, which shall include the phrase “credit…
   • § 14101.2 (a) The articles shall be signed by each director named in the articles, acknowledged pursuant to Section 5030 of the Corporations Code and filed in the office…
   • § 14101.4 (a) The provisions of Section 14101, except as provided in subdivision (b) of that section, shall not apply to a credit union organized prior to January 1,…
   • § 14101.6 (a) Every credit union shall, within 90 days after the filing of its original articles and annually thereafter during the applicable filing period in each…
   • § 14101.8 (a) No amendment of the articles of a credit union shall become effective unless the certificate of amendment or other instrument setting forth the amendment…
   • § 14102 (a) Amendments to the articles of incorporation of any credit union may be adopted by resolution of the board of directors, which is also adopted by a vote of…
   • § 14102.2 (a) No restated articles of a credit union shall become effective unless the certificate setting forth the restated articles, with the commissioner’s approval…
   • § 14102.4 (a) No certificate of correction of a credit union shall become effective unless the certificate, with the commissioner’s approval endorsed thereon, is filed…
   • § 14102.6 (a) No certificate of revocation by a credit union shall become effective unless the certificate, with the commissioner’s approval endorsed thereon, is filed…
   • § 14103 The bylaws shall prescribe the manner in which the business of the credit union shall be conducted with reference to the following matters: (a) The purpose of…
2. ARTICLE 2. Certificate to Act as a Credit Union §§ 14150–14156 · 7 sections

   • § 14150 No membership shares, certificates for funds or other securities shall be issued by any credit union until it has applied for and obtained from the…
   • § 14151 Applications for a certificate to act as a credit union shall be made in writing to the commissioner, setting forth such information as the commissioner…
   • § 14152 At the time of filing an application to operate as a credit union, the applicant shall pay to the commissioner a filing fee of five dollars ($5).
   • § 14153 Upon the filing of the application for a certificate to act as a credit union, the commissioner shall examine the application together with the other papers…
   • § 14154 If the commissioner determines that the applicant has satisfied the provisions of this division and does not find facts constituting reasons for denial as…
   • § 14155 Upon reasonable notice and opportunity to be heard, the commissioner may deny the application for a certificate to act as a credit union or an expansion of the…
   • § 14156 Each certificate issued under this division remains in full force and effect until surrendered and accepted by the commissioner, or until suspended or revoked…