§ 14212 Commissioner-Called Credit Union Meetings

Financial Code·California

AI SummaryVerified

This law lets the commissioner call a meeting with the board of a credit union if needed. The meeting has rules about when, where, and how it happens.

Key Takeaways

•The commissioner can call a meeting with the credit union's board if they think it's necessary.
•The meeting must be held with proper notice: 4 days by mail or 24 hours by phone or in person.
•The meeting can be at the credit union's office, a nearby department office, or another reasonable place.
•The credit union has to pay for the expenses of this meeting.

Example

The commissioner thinks a credit union is not following the rules, so they call a meeting with the board.

The commissioner can call this meeting with just 4 days' notice by mail or 24 hours' notice by phone or in person. The credit union has to pay for the costs of this meeting.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 14212 Commissioner-Called Credit Union Meetings

(a) The commissioner, whenever in his or her opinion such action is necessary or appropriate to carry out his or her duties, may call a meeting of the board of directors of a credit union. (b) A meeting of the board of a credit union called by the commissioner shall be held upon four days’ notice by first class mail or 24 hours’ notice delivered personally or by telephone. The notice shall be given by the commissioner or, if the commissioner so orders, by an officer of the credit union. (c) A meeting of the board of a credit union called by the commissioner shall be held at the head office of the credit union, the department office closest to the head office of the credit union, or any other place within a reasonable distance to the head office of the credit union as may be designated by the commissioner and specified in the notice of that meeting. (d) The expenses of the credit union pertaining to a meeting of the board of a credit union called by the commissioner shall be paid by the credit union. (Added by Stats. 2010, Ch. 532, Sec. 46. (AB 1268) Effective January 1, 2011.)

Last verified: January 11, 2026

Key Terms

commissioner board of directors credit union meeting notice expenses

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 14212.

§ 14212 Commissioner-Called Credit Union Meetings

Financial Code·California

AI SummaryVerified

§ 14212 Commissioner-Called Credit Union Meetings

This law lets the commissioner call a meeting with the board of a credit union if needed. The meeting has rules about when, where, and how it happens.

Key Takeaways

•The commissioner can call a meeting with the credit union's board if they think it's necessary.
•The meeting must be held with proper notice: 4 days by mail or 24 hours by phone or in person.
•The meeting can be at the credit union's office, a nearby department office, or another reasonable place.
•The credit union has to pay for the expenses of this meeting.

Example

The commissioner thinks a credit union is not following the rules, so they call a meeting with the board.

The commissioner can call this meeting with just 4 days' notice by mail or 24 hours' notice by phone or in person. The credit union has to pay for the costs of this meeting.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 14212 Commissioner-Called Credit Union Meetings

Last verified: January 11, 2026

Key Terms

commissioner board of directors credit union meeting notice expenses

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 14212.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References