§ 14957
49 words·~1 min read·
/ca/financial-code/14957A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever the directors, the credit committee, or if applicable, the credit manager, deem any loan unsafe, they may require additional security to be given by the borrower, and if such security is not furnished as required, they may declare the loan due and take action to collect the same.