ARTICLE 6. Corporations, Miscellaneous

Article 6 added by Stats. 2013, Ch. 537, Sec. 4.

§§ 63089.65–63089.67 · 3 sections

• § 63089.65 (a) A corporation shall establish one or more loan committees, each of which shall be composed of five or more persons, a majority of whom shall be experienced…
• § 63089.66 Unless delegated to its loan committee, the corporation’s board of directors, upon a recommendation from its loan committee, shall do all of the following: (a)…
• § 63089.67 A corporation may charge the borrower or financial institution a loan fee or credit enhancement fee on all loans made or guaranteed by the corporation to…