Statute · California Financial Code

Cal. Fin. Code § 14555 — Supervisory Committee

Cal. Fin. Code § 14555

Type
Statute
Source
California Financial Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

The commissioner may, after investigation and finding that the supervisory committee is not performing in conformance with this article, declare all offices of the supervisory committee of a credit union vacant and shall direct the board of directors of the credit union to call a special meeting…

Citator

Cal. Fin. Code § 14555 — Supervisory Committee is in force in the current edition of the Code, and nothing recorded condemns it.

The commissioner may, after investigation and finding that the supervisory committee is not performing in conformance with this article, declare all offices of the supervisory committee of a credit union vacant and shall direct the board of directors of the credit union to call a special meeting of the members for the purpose of electing a new supervisory committee to serve until the next regular annual meeting.