California Financial Code CHAPTER 5 - Members

  • Section 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 membership...
  • Section 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 paragraph (2) to...
  • Section 14801.
    Every credit union may expel members as provided in Section 14456 of this division and Section 7341 of the Corporations Code.(Amended by Stats. 1984, Ch....
  • Section 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...
  • Section 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...
  • Section 14804.
    The members of a credit union shall hold an annual meeting for the election of: (a) directors; (b) a supervisory committee, unless the board of...
  • Section 14805.
    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...
  • Section 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...
  • Section 14807.
    Any member may withdraw from membership in the credit union at any time. A withdrawing member may be required to give 60 days’ notice of...
  • Section 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    All amounts paid on shares or on certificates for funds of an expelled or withdrawn member, with any dividends or interest credited thereto to the...
  • Section 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...
  • Section 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...
  • Section 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...
  • Section 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)....
  • Section 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,...
  • Section 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...

Last modified: October 22, 2018