§ 15051
49 words·~1 min read·
/ca/financial-code/15051A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board of directors shall declare the office of any director, officer, committee member, or the credit manager vacant if the person fails to reduce any obligation to the credit union for which he or she is liable in a timely manner according to the terms of the obligation.