Skip to content
ChatProjectCodes

DIVISION 5. CREDIT UNIONS 14000-16906›CHAPTER 3. Administration and Powers of the Commissioner 14200-14384›ARTICLE 3. Enforcement 14300-14319

§ 14317

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

If required by the commissioner, the liquidating agent or the members of the liquidating committee appointed under this article shall provide proof of bond coverage extending to the liquidating agent or members of the liquidating committee. The bond shall include coverage for fraud, dishonesty, and faithful performance. The premium for that bond shall be paid out of the assets of the credit union.

(Added by Stats. 2002, Ch. 734, Sec. 39. Effective September 20, 2002.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — California Financial Code
California Financial Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.