California Code
DIVISION 5 - CREDIT UNIONS
CHAPTER 9 - Merger, Dissolution and Conversion

ARTICLE 1 - Merger

Section 15200. - 15200. Any credit union may, with the approval of the...

Section 15201. - 15201. (a) The merger shall be made pursuant to any...

Section 15202. - 15202. (a) After the requirement of approval as provided in...

Section 15203. - 15203. Each certificate of merger called for in Section 15202...

Section 15204. - 15204. (a) Upon any merger effectuated as provided in this...

ARTICLE 2 - Dissolution

Section 15250. - 15250. (a) Whenever the board of directors of a credit...

Section 15251. - 15251. If the dissolution of the credit union is approved...

Section 15252. - 15252. Promptly thereafter the president or vice president and secretary...

Section 15253. - 15253. After a vote to dissolve a credit union no...

Section 15254. - 15254. The committee or the liquidating agent in charge of...

Section 15255. - 15255. After determining that all known debts and liabilities of...

Section 15257. - 15257. When a credit union has completely wound up, all...

Section 15258. - 15258. The certificate of dissolution shall be filed in the...

Section 15259. - 15259. At any time during the liquidation process, the committee...

Section 15260. - 15260. Where the commissioner finds that on the date of...

ARTICLE 3 - Conversion Into Federal Credit Unions

Section 15300. - 15300. A credit union may convert itself into a federal...

Section 15301. - 15301. Upon recommendation of the board of directors the members...

Section 15302. - 15302. Within 10 days after the meeting or written vote...

Section 15303. - 15303. A certified copy of the certificate required by Section...

Section 15304. - 15304. After the meeting or the written vote of the...

Section 15305. - 15305. At the time the conversion into a federal credit...

Section 15306. - 15306. The converted federal credit union shall have, hold, and...

ARTICLE 4 - Conversion of Federal Credit Union

Section 15350. - 15350. Upon recommendation of its board of directors, any federal...

Section 15351. - 15351. The officers and directors of the federal credit union...

Section 15352. - 15352. The commissioner may conduct a joint audit of the...

Section 15353. - 15353. Copies of the minutes of the proceedings of the...

Section 15354. - 15354. The verified copies of the minutes of the meeting...

Section 15355. - 15355. After an affirmative vote as provided in Section 15350,...

Section 15356. - 15356. The directors of a credit union converted from a...

Section 15357. - 15357. Within 10 days after the filing of the articles...

Section 15358. - 15358. Upon the filing of the articles of incorporation with...

Section 15359. - 15359. The converted credit union shall have, hold, and enjoy...