§ 16153 Foreign Credit Union Reports

This law says a credit union from another state has to send any report the commissioner asks for, using the form, info, and deadline the commissioner sets.

Key Takeaways

•Foreign credit unions must file any report the commissioner requires.
•The commissioner decides the report’s format, what information it must include, and the filing deadline.
•Reports must be filed exactly as prescribed by the commissioner.

Example

A credit union based in a neighboring state wants to do business here and the commissioner asks it to send a quarterly financial summary.

The credit union must prepare the summary exactly the way the commissioner tells it to and send it by the date the commissioner picks.

A foreign (other state) credit union shall file with the commissioner any other report as the commissioner may from time to time require. Each report shall be in the form, contain the information, and be filed on the date, as may be prescribed by the commissioner. (Added by Stats. 2000, Ch. 612, Sec. 3. Effective January 1, 2001.)

This law says a credit union from another state has to send any report the commissioner asks for, using the form, info, and deadline the commissioner sets.

Key Takeaways

•Foreign credit unions must file any report the commissioner requires.
•The commissioner decides the report’s format, what information it must include, and the filing deadline.
•Reports must be filed exactly as prescribed by the commissioner.

Example

A credit union based in a neighboring state wants to do business here and the commissioner asks it to send a quarterly financial summary.

The credit union must prepare the summary exactly the way the commissioner tells it to and send it by the date the commissioner picks.

Key Takeaways

Example

Key Terms

References

§ 16153 Foreign Credit Union Reports

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References