California Financial Code ARTICLE 2 - Dissolution
- Section 15250.
(a) Whenever the board of directors of a credit union recommends by a vote of a majority of all its members the dissolution of the credit...
- Section 15251.
If the dissolution of the credit union is approved pursuant to subdivision (a) or (b) of Section 15250, the board of directors of the credit...
- Section 15252.
Promptly thereafter the president or vice president and secretary or assistant secretary, or a majority of the committee or the liquidating agent in charge of...
- Section 15253.
After a vote to dissolve a credit union no business may be carried on by the credit union except in the proper course of liquidation.(Added...
- Section 15254.
The committee or the liquidating agent in charge of liquidation may sue in the name and on behalf of the credit union, and may sell...
- Section 15255.
After determining that all known debts and liabilities of the credit union have been paid or adequately provided for, the committee or the liquidating agent...
- Section 15257.
When a credit union has completely wound up, all of its known debts and liabilities actually paid or adequately provided for or paid as far...
- Section 15258.
The certificate of dissolution shall be filed in the office of the Secretary of State and copies, certified by him, shall be filed in the...
- Section 15259.
At any time during the liquidation process, the committee or the liquidating agent in charge of liquidation may be relieved of their duties at the...
- Section 15260.
Where the commissioner finds that on the date of filing with the Secretary of State of the certificate of election to wind up and dissolve,...
Last modified: October 22, 2018