California Financial Code Section 14655

CA Fin Code § 14655 (2017)  

A credit union may purchase from the owner thereof a promissory note upon which a member is primary obligor provided the credit union could have made a loan to such member in the amount and upon the terms and conditions provided in such note under the provisions of this division.

(Added by Stats. 1979, Ch. 112.)

Last modified: October 25, 2018