§ 14865
52 words·~1 min read·
/ca/financial-code/14865A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.