reglab/housing_qa huggingface dataset:
CA Fin Code § 14006 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Definitions|Section 14006.

14006.  “Credit manager” means a natural person approved by the board of directors and employed by a credit union to supervise the lending activities of the credit union in accordance with the loan policies established by the board of directors and consistent with the applicable state and federal law and regulations. A credit manager may be but is not required to be a member of the credit union.(Added by Stats. 1982, Ch. 691, Sec. 1.)
CA Fin Code § 14007 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 1 - Definitions|Section 14007.

14007.  “Obligation” means any contractual obligation to the credit union for money borrowed or credit extended or guaranteed from its members, including, but not limited to, loans, lines of credit, agreements to extend credit, and lease agreements.(Added by Stats. 1984, Ch. 789, Sec. 1.)
CA Fin Code § 14050 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 2 - General|Section 14050.

14050.  The use by any person, other than those authorized by this division, of any name or title which contains the phrase “credit union,” is a misdemeanor. Nonprofit associations, which are formed for the mutual benefit and protection of credit unions, by credit unions organized under this division, or under the provisions of the statutes of the United States applicable to credit unions or any nonprofit association formed for the mutual benefit and protection of credit union employees by bona fide employees of credit unions, may use the phrase “credit union” in the name or title designating any such association.(Added by Stats. 1979, Ch. 112.)
CA Fin Code § 14051 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 2 - General|Section 14051.

14051.  Any person who willfully and knowingly makes, circulates, or transmits to another or others any statement or rumor, written, printed or by word of mouth, which is untrue in facts and is directly or by inference derogatory to the financial condition or affects the solvency or financial standing of any credit union doing business in this state, or who knowingly counsels, aids, procures, or induces another to start, transmit, or circulate any such statement or rumor, is guilty of a misdemeanor and shall be punished by a fine of not more than one thousand dollars ($1,000) or by imprisonment for not more than one year, or both.(Added by Stats. 1979, Ch. 112.)
CA Fin Code § 14052 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 1 - General Provisions|ARTICLE 2 - General|Section 14052.

14052.  In addition to the powers enumerated in this division, every credit union has the general powers conferred upon corporations by the Nonprofit Mutual Benefit Corporation Law of this state unless restricted by this division.(Amended by Stats. 1981, Ch. 714, Sec. 131.)
CA Fin Code § 14100 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 1 - Incorporation and Bylaws|Section 14100.

14100.  (a) Credit unions shall be incorporated under the Nonprofit Mutual Benefit Corporation Law of this state.(b) The Secretary of State shall not file the articles of incorporation of a credit union organized pursuant to subdivision (a) unless the approval of the commissioner is endorsed thereon.(c) The Secretary of State shall not file articles of incorporation setting forth a name in which “credit union” or related words appear unless the approval of the commissioner is attached. This section shall not apply to the articles of any corporation subject to the California Credit Union Law on which the approval of the commissioner is endorsed.(Amended by Stats. 2002, Ch. 734, Sec. 6. Effective September 20, 2002.)
CA Fin Code § 14101 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 1 - Incorporation and Bylaws|Section 14101.

14101.  The articles of incorporation of every credit union shall set forth the following:(a) The name of the corporation, which shall include the phrase “credit union.”(b) (1) The following statement:The purpose of the corporation is to engage in credit union business and any other lawful activities which are not prohibited to a credit union by applicable laws or regulations.(2) By December 31, 2003, each credit union that immediately prior to the enactment of this section was authorized to operate as a credit union shall amend its articles to comply with the provisions of paragraph (1). Notwithstanding Section 7813.5 of the Corporations Code, the amendment of the articles of a credit union as required by paragraph (1) may be adopted by approval of the board alone.(c) The name and street address in this state of the corporation’s initial agent for service of process in accordance with subdivision (b) of Section 8210 of the Corporations Code.(d) The names and addresses of five or more persons appointed to act as initial directors.(e) The street address of the corporation.(f) The mailing address of the corporation, if different from the street address.(Amended by Stats. 2012, Ch. 494, Sec. 53. (SB 1532) Effective January 1, 2013.)
CA Fin Code § 14101.2 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 1 - Incorporation and Bylaws|Section 14101.2.

14101.2.  (a) The articles shall be signed by each director named in the articles, acknowledged pursuant to Section 5030 of the Corporations Code and filed in the office of the Secretary of State.(b) Corporate existence shall begin upon the filing of the articles and shall continue perpetually, unless otherwise expressly provided by law.(Amended by Stats. 2002, Ch. 734, Sec. 8. Effective September 20, 2002.)
CA Fin Code § 14101.4 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 1 - Incorporation and Bylaws|Section 14101.4.

14101.4.  (a) The provisions of Section 14101, except as provided in subdivision (b) of that section, shall not apply to a credit union organized prior to January 1, 1981, but the articles of the credit union shall continue to be governed by the law applicable as of December 31, 1980, until an amendment of its articles pursuant to subdivision (b).(b) Except as provided in subdivision (b) of Section 14101, a credit union organized prior to January 1, 1981, may amend its articles to conform to Section 14101 except that an initial agent for service of process shall not be set forth and the names and addresses of initial directors shall be deleted. The amendment may be adopted by the board of directors alone.(Amended by Stats. 2002, Ch. 734, Sec. 9. Effective September 20, 2002.)
CA Fin Code § 14101.8 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 1 - Incorporation and Bylaws|Section 14101.8.

14101.8.  (a) No amendment of the articles of a credit union shall become effective unless the certificate of amendment or other instrument setting forth the amendment is filed with the Secretary of State with the commissioner’s approval endorsed thereon. The amendment shall become effective upon being filed with the Secretary of State. Promptly after the amendment becomes effective, the credit union shall file with the commissioner a copy of the certificate of amendment or other instrument certified by the Secretary of State.(b) An amendment of the articles set forth in an agreement of merger that requires the approval of the commissioner shall not be subject to the provisions of subdivision (a). An amendment meeting this criteria shall become effective at the time the merger becomes effective, pursuant to this division.(Added by Stats. 2002, Ch. 734, Sec. 10. Effective September 20, 2002.)
CA Fin Code § 14102 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 1 - Incorporation and Bylaws|Section 14102.

14102.  (a) Amendments to the articles of incorporation of any credit union may be adopted by resolution of the board of directors, which is also adopted by a vote of a majority of the members of the credit union present, in person or by proxy, as provided in the credit union’s bylaws, at any regular or special meeting of the members for which notice of the proposed amendments has been given; provided, however, that a minimum vote of at least 10 percent of the entire membership entitled to vote on the question votes in favor of the amendment and those voting in favor of the amendment constitute a majority of the members participating in the vote.(b) The commissioner may approve the amendment according to the resolution adopted by the board of directors if approved by less than 10 percent of the entire membership as provided in this section if the commissioner finds, upon the written and verified application filed by the board of directors, that (1) notice of the meeting called to consider the amendment or the ballot for written vote on the amendment was mailed to each member entitled to vote upon the question, (2) the notice or ballot disclosed the purpose of the meeting or the written vote, (3) the notice or ballot informed the membership that approval of the amendment might be sought pursuant to this section, and (4) a majority of the votes cast upon the question were in favor of the amendment.(c) Notwithstanding subdivision (a) and Section 7812 of the Corporations Code, a credit union may amend its articles of incorporation to change its name with the approval of its board of directors and without the approval of its members.(Amended by Stats. 1998, Ch. 539, Sec. 1. Effective January 1, 1999.)
CA Fin Code § 14102.2 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 1 - Incorporation and Bylaws|Section 14102.2.

14102.2.  (a) No restated articles of a credit union shall become effective unless the certificate setting forth the restated articles, with the commissioner’s approval endorsed thereon, is filed with the Secretary of State. The restated articles shall become effective upon being filed with the Secretary of State.(b) Promptly after the restated articles become effective, the credit union shall file with the commissioner a copy of the certificate setting forth the restated articles, certified by the Secretary of State.(Added by Stats. 2002, Ch. 734, Sec. 11. Effective September 20, 2002.)
CA Fin Code § 14102.4 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 1 - Incorporation and Bylaws|Section 14102.4.

14102.4.  (a) No certificate of correction of a credit union shall become effective unless the certificate, with the commissioner’s approval endorsed thereon, is filed with the Secretary of State. The certificate of correction shall become effective upon being filed with the Secretary of State.(b) Promptly after the certificate of correction becomes effective, the credit union shall file with the commissioner a copy of the certificate of correction, certified by the Secretary of State.(Added by Stats. 2002, Ch. 734, Sec. 12. Effective September 20, 2002.)
CA Fin Code § 14102.6 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 1 - Incorporation and Bylaws|Section 14102.6.

14102.6.  (a) No certificate of revocation by a credit union shall become effective unless the certificate, with the commissioner’s approval endorsed thereon, is filed with the Secretary of State. The certificate of revocation shall become effective upon being filed with the Secretary of State.(b) Promptly after the certificate of revocation becomes effective, the credit union shall file with the commissioner a copy of the certificate of revocation, certified by the Secretary of State.(Added by Stats. 2002, Ch. 734, Sec. 13. Effective September 20, 2002.)
CA Fin Code § 14103 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 1 - Incorporation and Bylaws|Section 14103.

14103.  The bylaws shall prescribe the manner in which the business of the credit union shall be conducted with reference to the following matters:(a) The purpose of the credit union.(b) The qualification for membership.(c) Determination of the month, time, and place of the annual meeting; the manner of conducting meetings; the method by which members shall be notified of meetings; and the number of members which shall constitute a quorum.(d) The authorized number of directors, the number of directors necessary to constitute a quorum, and the powers and duties of officers elected by the directors.(e) The membership, powers, and duties of the supervisory or audit committee, as applicable.(f) The membership, powers, and duties of the credit committee or if applicable, the general powers, responsibilities, and duties of the credit manager.(g) The manner in which the bylaws may be amended.(Amended by Stats. 2017, Ch. 561, Sec. 57. (AB 1516) Effective January 1, 2018.)
CA Fin Code § 14150 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 2 - Certificate to Act as a Credit Union|Section 14150.

14150.  No membership shares, certificates for funds or other securities shall be issued by any credit union until it has applied for and obtained from the commissioner a certificate authorizing it to act as a credit union.(Added by Stats. 1979, Ch. 112.)
CA Fin Code § 14151 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 2 - Certificate to Act as a Credit Union|Section 14151.

14151.  Applications for a certificate to act as a credit union shall be made in writing to the commissioner, setting forth such information as the commissioner requires. The application shall be verified by one or more officers of the credit union authorized by its board of directors.(Added by Stats. 1979, Ch. 112.)
CA Fin Code § 14152 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 2 - Certificate to Act as a Credit Union|Section 14152.

14152.  At the time of filing an application to operate as a credit union, the applicant shall pay to the commissioner a filing fee of five dollars ($5).(Added by Stats. 1979, Ch. 112.)
CA Fin Code § 14153 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 2 - Certificate to Act as a Credit Union|Section 14153.

14153.  Upon the filing of the application for a certificate to act as a credit union, the commissioner shall examine the application together with the other papers and documents filed therewith. The commissioner may make any further investigation of the applicant and its affairs that he deems advisable.(Added by Stats. 1979, Ch. 112.)
CA Fin Code § 14154 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 2 - Certificate to Act as a Credit Union|Section 14154.

14154.  If the commissioner determines that the applicant has satisfied the provisions of this division and does not find facts constituting reasons for denial as specified in Section 14155, the commissioner shall issue and deliver a certificate to the applicant to engage in business in accordance with the provisions of this division.(Amended by Stats. 1980, Ch. 974, Sec. 3.)
CA Fin Code § 14155 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 2 - Certificate to Act as a Credit Union|Section 14155.

14155.  Upon reasonable notice and opportunity to be heard, the commissioner may deny the application for a certificate to act as a credit union or an expansion of the field of membership of an existing credit union for any of the following reasons:(a) The field of membership of the applicant is contrary to the principles of organizing credit unions, including principles of organizing credit unions based on common bond of occupation, association, or groups within a well-defined neighborhood, community or rural district.(b) A false statement of a material fact has been made in the application for certificate.(c) Any officer, director, or committee member of the applicant has, within the last 10 years, been (1) convicted of or pleaded nolo contendere to a crime, or (2) committed any act involving dishonesty, fraud, or deceit, which crime or act is substantially related to the qualifications, functions, or duties of a person engaged in business in accordance with the provisions of this division.(d) The applicant or any officer, director, or committee member of the applicant has violated any provision of this division or the rules thereunder or any similar regulatory scheme of a foreign jurisdiction.(e) The number of persons eligible for membership is less than 500.(f) The applicant’s showing as to the economic feasibility of the proposed credit union is inadequate. Notwithstanding anything to the contrary, nothing shall prohibit a credit union from admitting to membership any corporation formed to provide services to credit unions or to credit union members in which the credit union holds shares pursuant to Sections 14650 and 14651 and any limited liability company formed to provide services to credit unions or to credit union members in which the credit union holds membership or economic interests pursuant to Section 14651.(Amended by Stats. 1998, Ch. 539, Sec. 1.4. Effective January 1, 1999.)
CA Fin Code § 14156 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 2 - Formation|ARTICLE 2 - Certificate to Act as a Credit Union|Section 14156.

14156.  Each certificate issued under this division remains in full force and effect until surrendered and accepted by the commissioner, or until suspended or revoked by the commissioner.(Amended by Stats. 1989, Ch. 516, Sec. 1.)
CA Fin Code § 14200 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 3 - Administration and Powers of the Commissioner|ARTICLE 1 - General|Section 14200.

14200.  The powers of supervision and examination of all credit unions organized under the provisions of this division are vested in the commissioner.(Repealed and added by Stats. 1979, Ch. 112.)
CA Fin Code § 14200.1 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 3 - Administration and Powers of the Commissioner|ARTICLE 1 - General|Section 14200.1.

14200.1.  There is in the Division of Financial Institutions of the Department of Business Oversight the Office of Credit Unions. The Office of Credit Unions has charge of the execution of the laws of this state relating to credit unions or to the credit union business.(Amended by Stats. 2013, Ch. 353, Sec. 61. (SB 820) Effective September 26, 2013. Operative July 1, 2013, by Sec. 129 of Ch. 353.)
CA Fin Code § 14200.2 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 3 - Administration and Powers of the Commissioner|ARTICLE 1 - General|Section 14200.2.

14200.2.  The chief officer of the Office of Credit Unions is the Deputy Commissioner of the Office of Credit Unions. The Deputy Commissioner of the Office of Credit Unions, under the direction and on behalf of the Senior Deputy Commissioner of Business Oversight for the Division of Financial Institutions, shall administer the laws of this state relating to credit unions or the credit union business. The Deputy Commissioner of the Office of Credit Unions shall be appointed by the Governor and shall hold office at the pleasure of the Governor. The Deputy Commissioner of the Office of Credit Unions shall receive an annual salary as fixed by the Governor.(Amended by Stats. 2013, Ch. 353, Sec. 62. (SB 820) Effective September 26, 2013. Operative July 1, 2013, by Sec. 129 of Ch. 353.)
CA Fin Code § 14201 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 3 - Administration and Powers of the Commissioner|ARTICLE 1 - General|Section 14201.

14201.  The commissioner may establish or waive such rules and regulations as may be reasonable or necessary to carry out the purposes and provisions of this division.(Amended by Stats. 1983, Ch. 263, Sec. 1.)
CA Fin Code § 14202 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 3 - Administration and Powers of the Commissioner|ARTICLE 1 - General|Section 14202.

14202.  The commissioner may by regulation authorize credit unions organized under the provisions of this division to engage in any activity authorized by law or regulation for credit unions organized under the laws of the United States. Any such regulation shall expire on the first day of January two years following the end of the calendar year in which such regulation was promulgated.(Amended by Stats. 1982, Ch. 270, Sec. 1.)
CA Fin Code § 14203 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 3 - Administration and Powers of the Commissioner|ARTICLE 1 - General|Section 14203.

14203.  Upon request of the commissioner, a credit union shall furnish to the commissioner an authorization for examination of financial records of any capital funds, undivided profits, and reserve funds, maintained in a financial institution, in accordance with the procedures set forth in Section 7473 of the Government Code.(Amended by Stats. 1980, Ch. 1097, Sec. 2.)
CA Fin Code § 14204 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 3 - Administration and Powers of the Commissioner|ARTICLE 1 - General|Section 14204.

14204.  If the commissioner upon any examination, or from any report made to the commissioner, finds any credit union is violating the provisions of this division or the rules made pursuant to this division, or has impaired capital, or is insolvent, or is conducting its business in an unsafe or unauthorized manner, the commissioner may notify the credit union to, and the credit union shall, cease these practices. The commissioner may notify the credit union to, and the credit union shall, temporarily suspend or entirely cease the transaction of any new business or the portion thereof as is ordered by the commissioner. Within 10 days from the date of a notification or order pursuant to this section, the credit union may request a hearing. Neither the request for a hearing nor the hearing itself shall stay the notification or order issued by the commissioner under this section.(Amended by Stats. 1996, Ch. 1064, Sec. 571. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 14205 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 3 - Administration and Powers of the Commissioner|ARTICLE 1 - General|Section 14205.

14205.  The commissioner may, upon reasonable notice and opportunity to be heard, suspend or revoke any certificate if the commissioner finds that the credit union has violated any provisions of this division or any rule or regulation of the commissioner made pursuant to this division, or if any fact or condition exists which, if it had existed at the time of the original application for certificate, reasonably would have warranted the commissioner in refusing originally to issue such certificate.(Amended by Stats. 1980, Ch. 974, Sec. 5.)
CA Fin Code § 14207 (2021)
2021 California Code|Financial Code - FIN|DIVISION 5 - CREDIT UNIONS|CHAPTER 3 - Administration and Powers of the Commissioner|ARTICLE 1 - General|Section 14207.

14207.  In any proceeding under this law, the burden of proving an exemption or an exception from a definition is upon the person claiming it.(Added by Stats. 1979, Ch. 112.)