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2020 California Code
Financial Code - FIN
DIVISION 5 - CREDIT UNIONS
CHAPTER 4 - Management and Operations
ARTICLE 6 - Investments
Section 14654.
Universal Citation: CA Fin Code § 14654 (2020)
14654.
Credit unions may purchase from the vendor or lessor of any personal property, conditional sale contracts or vehicle lease agreements covering the sale or lease of that property or vehicle to its members. The credit union may hold and retain any such conditional sale contract or vehicle lease agreement as an investment.
(Amended by Stats. 1982, Ch. 1570, Sec. 4.5.)
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