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DIVISION 5. CREDIT UNIONS 14000-16906›CHAPTER 6. Share Accounts and Certificates for Funds 14850-14905›ARTICLE 1. General 14850-14870

§ 14865

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

Shares issued by a credit union to a member shall be evidenced in monetary amounts rather than by numbers of shares. The shares owned by a member also may be referred to as a “share account”. There shall be no limit to the amount of shares which a credit union may issue.

(Added by Stats. 1980, Ch. 321, Sec. 14.)

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California Financial Code

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