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2025 California Code
Financial Code - FIN
DIVISION 5 - CREDIT UNIONS
CHAPTER 9 - Merger, Dissolution and Conversion
ARTICLE 2 - Dissolution
Section 15255.
Universal Citation:
CA Fin Code § 15255 (2025)
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15255. After determining that all known debts and liabilities of the credit union have been paid or adequately provided for, the committee or the liquidating agent in charge of liquidation shall distribute all the remaining assets of the credit union among the members or shareholders. Each share is entitled to its proportionate amount of the assets according to the amount paid on that share.
(Added by Stats. 1979, Ch. 112.)
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