§ 14454 Director Officer Election Meeting

Financial Code·California

AI SummaryVerified

This law says that after the yearly meeting of members, the directors of a credit union must meet within 10 days to choose the officers for the credit union.

Key Takeaways

•Directors must meet within 10 days after the yearly member meeting.
•The purpose of this meeting is to elect the credit union's officers.
•This rule helps make sure the credit union has leaders chosen quickly and fairly.

Example

Imagine a credit union just had its yearly meeting where all members got together.

The directors of this credit union must then meet within 10 days to pick who will be the officers, like the president or treasurer.

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

Official Source

View on CA.gov

§ 14454 Director Officer Election Meeting

The directors shall hold a meeting of all directors within 10 days after the annual meeting of members pursuant to Section 14804 for the purpose of electing the officers of the credit union as prescribed in Sections 14500 and 14501. (Amended by Stats. 1985, Ch. 951, Sec. 4.)

Last verified: January 11, 2026

Key Terms

directors meeting annual meeting of members electing the officers credit union

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 14454.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References