§ 14866
48 words·~1 min read·
/ca/financial-code/14866A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The evidence of credit union shares issued shall be a certificate, a passbook, a statement or other evidence approved by regulation of the commissioner. The evidence of any credit union shares shall not constitute an “investment security” under Division 8 (commencing with Section 8101) of the Commercial Code.