Statute · California Financial Code
Cal. Fin. Code § 15305 — Conversion Into Federal Credit Unions
Cal. Fin. Code § 15305
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
At the time the conversion into a federal credit union becomes effective, the credit union ceases to be supervised by this state and all of the property of the credit union, including all of its right, title, and interest in and to all property of every kind and character immediately, by…
Citator
Cal. Fin. Code § 15305 — Conversion Into Federal Credit Unions is in force in the current edition of the Code, and nothing recorded condemns it.
At the time the conversion into a federal credit union becomes effective, the credit union ceases to be supervised by this state and all of the property of the credit union, including all of its right, title, and interest in and to all property of every kind and character immediately, by operation of law and without any conveyance, or transfer and without any further act or deed, is vested in the credit union under its new name and style as a federal credit union and under its new jurisdiction.