California Financial Code ARTICLE 3 - Loans to Directors, Officers and Committee Members

• Section 15050.
  (a) For purposes of this section, the following definitions shall apply:(1) “Credit manager” means any individual, regardless of title, designated pursuant to Section 14600 to fulfill the...
• Section 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...

Last modified: October 22, 2018