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HomeFinancial CodeDiv. 5Ch. 9Art. 3§ 15300 Credit Union Federal Conversion

§ 15300 Credit Union Federal Conversion

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 15300 Credit Union Federal Conversion

This law lets a credit union change its status to a federal credit union by following a set process.

Key Takeaways

  • •A credit union can switch to federal status.
  • •It must follow the procedure described in the article.
  • •The old rules are no longer used for this conversion.

Example

A local credit union wants to become a federal credit union so it can serve members in other states.

The credit union follows the steps outlined in the article to complete the conversion.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 15300 Credit Union Federal Conversion

A credit union may convert itself into a federal credit union by following the procedure contained in this article. (Repealed and added by Stats. 1979, Ch. 112.)

Last verified: January 11, 2026

Key Terms

credit unionfederal credit unionprocedureStats. 1979, Ch. 112

Related Statutes

  • § 15301 Credit Union Conversion Process
  • § 15302 Credit Union Conversion Filing
  • § 15304 Federal Credit Union Conversion
  • § 15305 Credit Union Federal Conversion
  • § 15356 Federal Credit Union Conversion

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 15300.
View Official Source