California § 14553 - The supervisory committee shall at least once each year make or cause to be made
Full text of California Public Contract Code - PCC § 14553 — The supervisory committee shall at least once each year make or cause to be made, with citation guidance and answers to common questions.
§ 14553. The supervisory committee shall at least once each year make or cause to be made
(a) The supervisory committee shall at least once each year make or cause to be made an audit of the books and records and an examination of the business and affairs of the credit union. The supervisory committee shall make a full report of the assets and liabilities, receipts and disbursements of the credit union to the board of directors. Those reports shall be presented at the annual meeting of members and filed with the records of the credit union. (b) The supervisory committee may make or cause to be made any supplementary inspections of the securities, cash, and accounts of the credit union or audits as it deems necessary, and submit reports of those audits to the board of directors.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 14553
What does Public Contract Code - PCC § 14553 cover?
Section 14553 ("The supervisory committee shall at least once each year make or cause to be made") 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 § 14553?
A common citation format is "Public Contract Code - PCC § 14553" (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 § 14553 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.