Cal. Fin. Code § 14804

Current through the 2024 Legislative Session.
Section 14804 - [Effective 1/1/2025] Annual meeting for election of directors and supervisory committee; election of credit committee
(a)
(1) The members of a credit union shall hold an annual meeting for the election of all of the following:
(A) Directors.
(B) A supervisory committee, unless the board of directors has appointed an audit committee pursuant to Section 14556.
(C) A credit committee, if provided for in its bylaws.
(2) An annual meeting required by this subdivision shall be held at a time and place, and upon notice, as the bylaws provide.
(b) Unless prohibited by the articles or bylaws of the credit union, a regular or special meeting of the members, including an annual meeting, may be conducted, in whole or in part, by means of remote communication as set forth in subdivision (f) of Section 7510 of the Corporations Code.

Ca. Fin. Code § 14804

Amended by Stats 2024 ch 305 (AB 2062),s 7, eff. 1/1/2025.
Amended by Stats 2016 ch 353 (AB 2274),s 7, eff. 1/1/2017.
This section is set out more than once due to postponed, multiple, or conflicting amendments.