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HomeFinancial CodeDiv. 5Ch. 9Art. 3§ 15302 Credit Union Conversion Filing

§ 15302 Credit Union Conversion Filing

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 15302 Credit Union Conversion Filing

The law requires a credit union that decides to become a federal credit union to file a certified certificate with the commissioner within 10 days, including meeting minutes or ballot results and a statement that members approved the change, and also to file a copy of that certificate with the Secretary of State.

Key Takeaways

  • •The certificate must be filed with the commissioner within 10 days after the meeting or written vote.
  • •The certificate must contain a copy of the minutes or ballot, the vote results, and a statement that members approved the conversion.
  • •A copy of the certificate must also be filed with the Secretary of State.

Example

A local credit union holds a vote at its annual meeting to convert to a federal credit union.

The credit union must prepare a certificate that includes the meeting minutes or ballot, the vote results, and a statement that members approved the conversion, file that certificate with the commissioner within 10 days, and also send a copy to the Secretary of State.

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

Official Source
View on CA.gov

§ 15302 Credit Union Conversion Filing

Within 10 days after the meeting or written vote at which the members determine to convert into a federal credit union, the credit union shall file with the commissioner a certificate verified by the board of directors of such credit union. The certificate shall contain a copy of the minutes of the meeting or a copy of the written ballot and the results of the written vote and a statement that the members have approved the determination to convert such credit union into a federal credit union. A copy of such certificate shall be filed with the Secretary of State. (Amended by Stats. 1980, Ch. 413, Sec. 6.)

Last verified: January 11, 2026

Key Terms

certificatefederal credit unioncommissionerSecretary of State

Related Statutes

  • § 15252 Credit Union Dissolution Certificate
  • § 15303 Corporate Meeting Evidence Presumption
  • § 15304 Federal Credit Union Conversion
  • § 15203 Merger Certificate Filing Requirements
  • § 15258 Dissolution Certificate Filing

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 15302.
View Official Source