§ 32332
45 words·~1 min read·
/ca/financial-code/32332A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The corporation shall adopt bylaws, which shall include provisions governing the election of officers; the establishment and functions of committees; eligibility criteria for loan applications and application procedures; procedures for the deposit and sale of government guaranteed securities; and the establishment of loan loss reserves.