Earlier editions: 2020-112018-11
DIVISION 5. CREDIT UNIONS 14000-16906›CHAPTER 9. Merger, Dissolution and Conversion 15200-15359›ARTICLE 2. Dissolution 15250-15260
§ 15259
California Financial Code · 2026 edition · updated 2026-10-04 · California
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 discretion of the commissioner and the commissioner shall thereafter act as the liquidating agent or appoint a liquidating agent to complete the dissolution of the credit union.
(Added by Stats. 1979, Ch. 112.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code