Current through the 2024 Legislative Session.
Section 14400 - [Effective 1/1/2025] Equity capital(a) The equity capital of the credit union shall consist of the credit union's regular reserve account, the undivided earnings account, any appropriated undivided earnings accounts, and other forms of capital approved by the commissioner.(b) The savings capital of a credit union shall consist of the payments made by members on shares.Amended by Stats 2024 ch 305 (AB 2062),s 1, eff. 1/1/2025.Amended by Stats 2018 ch 267 (AB 2862),s 1, eff. 1/1/2019.Amended by Stats 2000 ch 411 (AB 2503), s 1, eff. 1/1/2001.This section is set out more than once due to postponed, multiple, or conflicting amendments.