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2025 California Code
Financial Code - FIN
DIVISION 5 - CREDIT UNIONS
CHAPTER 9 - Merger, Dissolution and Conversion
ARTICLE 2 - Dissolution
Section 15260.
Universal Citation:
CA Fin Code § 15260 (2025)
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15260. Where the commissioner finds that on the date of filing with the Secretary of State of the certificate of election to wind up and dissolve, the credit union does not have sufficient assets to return to its shareholders their investment in full, the credit union shall not be liable for the costs of administration assessed under Article 4 (commencing with Section 14350) of Chapter 3.
(Added by Stats. 1979, Ch. 112.)
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