CHAPTER 5. Members [14800. - 14822.]
Chapter 5 added by Stats. 1979, Ch. 112.
§§ 14800–14822 · 16 sections
- § 14800 (a) Every credit union may admit to membership those persons qualified for membership upon the occurrence of any of the following: (1) Upon the purchase of a…
- § 14800.1 (a) Notwithstanding subdivision (b) of Section 14800 or Section 14750, a credit union may do all of the following: (1) Provide the services specified in…
- § 14801 Every credit union may expel members as provided in Section 14456 of this division and Section 7341 of the Corporations Code.
- § 14802 Each member shall keep the credit union informed of his current address. In the event a member fails to do this, a charge may be made to the member’s share…
- § 14803 (a) No credit union shall pay any commission or compensation to any person for securing a new member or for getting an existing member to make an additional…
- § 14804 (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…
- § 14805 (a) Special meetings of members may be held upon order of the board of directors. Special meetings of members shall be held upon the written request of 10…
- § 14806 In credit unions formed on or after September 15, 1945, no member shall have more than one vote irrespective of the number of shares held by the member.
- § 14807 (a) A member may withdraw from membership in the credit union at any time. A withdrawing member may be required to give 60 days’ notice of intention to…
- § 14808 All amounts paid on shares or on certificates for funds of an expelled or withdrawn member, with any dividends or interest credited thereto to the date of…
- § 14809 Members who leave the field of membership may be permitted to retain their membership in the credit union unless otherwise provided in the credit union’s…
- § 14811 (a) A member who has no outstanding obligations with the credit union and whose share account is below the amount established by the bylaws may be transferred…
- § 14812 Unless otherwise provided in the bylaws, a quorum for a meeting of members shall be 10 percent of the members or 50 members, whichever is less.
- § 14820 (a) Any member of a credit union may authorize another person or persons to act by proxy with respect to such membership, subject to subdivision (e). Any proxy…
- § 14821 (a) Except for solicited proxies which on their face provide for a period of validity of three years from the date of execution of the proxy, any form of proxy…
- § 14822 Notwithstanding any other provision to the contrary, no member shall vote by proxy on any matter submitted by mail to all members of a credit union in a…