ARTICLE 6. Investments [14650. - 14659.]

Article 6 added by Stats. 1979, Ch. 112.

§§ 14650–14659 · 10 sections

• § 14650 Subject to the limitations of Sections 14402, 14403, and 14404, any credit union or credit unions may purchase, acquire and hold outstanding shares of a…
• § 14651 (a) Every credit union may invest in the shares of stock of a corporation, or in membership or economic interests of a limited liability company, organized…
• § 14652 Every credit union may invest in securities and other assets described in Chapter 10 (commencing with Section 800) of Division 1 as legal investments for…
• § 14652.5 (a) A credit union may organize, sponsor, operate, control, or render investment advice to, an investment company, or underwrite, distribute, or sell…
• § 14653 Credit unions may invest in a trust organized solely for the purpose of investing in United States government securities and United States government agency…
• § 14653.5 Notwithstanding any other provision of law, a credit union may make any investment authorized by regulation or in writing by the commissioner.
• § 14654 Credit unions may purchase from the vendor or lessor of any personal property, conditional sale contracts or vehicle lease agreements covering the sale or…
• § 14656 A credit union may, in accordance with rules and regulations prescribed by the commissioner, purchase from any liquidating credit union notes made by…
• § 14657 (a) A credit union may invest in charitable donation accounts, or CDAs, in accordance with this section as a means of providing charitable contributions and…
• § 14659 (a) A credit union that is investing to fund an employee benefit plan obligation may purchase an investment that would otherwise be impermissible if the…