California Financial Code ARTICLE 6 - Investments

• Section 14650.
  Subject to the limitations of Sections 14402, 14403, and 14404, any credit union or credit unions may purchase, acquire and hold outstanding shares of a...
• Section 14651.
  (a) Every credit union may invest in the shares of stock of a corporation, or in membership or economic interests of a limited liability company, organized...
• Section 14652.
  Every credit union may invest in securities and other assets described in Chapter 10 (commencing with Section 800) of Division 1 as legal investments for...
• Section 14652.5.
  A credit union may organize, sponsor, operate, control, or render investment advice to, an investment company, or underwrite, distribute, or sell securities of any investment...
• Section 14653.
  Credit unions may invest in a trust organized solely for the purpose of investing in United States government securities and United States government agency securities,...
• Section 14653.5.
  Notwithstanding any other provision of law, a credit union may make any investment authorized by regulation or in writing by the commissioner.(Added by Stats. 1985,...
• Section 14654.
  Credit unions may purchase from the vendor or lessor of any personal property, conditional sale contracts or vehicle lease agreements covering the sale or lease...
• Section 14655.
  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...
• Section 14656.
  A credit union may, in accordance with rules and regulations prescribed by the commissioner, purchase from any liquidating credit union notes made by individual members...

Last modified: October 22, 2018