ARTICLE 3. Loans to Directors, Officers and Committee Members

Article 3 added by Stats. 1979, Ch. 112.

§§ 15050–15051 · 2 sections

• § 15050 (a) For purposes of this section: (1) “Credit manager” means any individual, regardless of title, designated pursuant to Section 14600 to fulfill the duties of…
• § 15051 The board of directors shall declare the office of any director, officer, committee member, or the credit manager vacant if the person fails to reduce any…