California § 14401 - A credit union may borrow money from any source in an aggregate amount not to exc
Full text of California Public Contract Code - PCC § 14401 — A credit union may borrow money from any source in an aggregate amount not to exc, with citation guidance and answers to common questions.
§ 14401. A credit union may borrow money from any source in an aggregate amount not to exc
A credit union may borrow money from any source in an aggregate amount not to exceed 50 percent of the paid-in and unimpaired capital and surplus of the credit union. Loans from the National Credit Union Central Liquidity Facility (12 U.S.C. Sec. 1795 et seq.) shall not be included in computing the aggregate borrowings of a credit union. For the purposes of this division, âcertificate for fundsâ means borrowed money.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 14401
What does Public Contract Code - PCC § 14401 cover?
Section 14401 ("A credit union may borrow money from any source in an aggregate amount not to exc") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 14401?
A common citation format is "Public Contract Code - PCC § 14401" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 14401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.