California § 14650 - Subject to the limitations of Sections 14402, 14403, and 14404, any credit union
Full text of California Public Contract Code - PCC § 14650 — Subject to the limitations of Sections 14402, 14403, and 14404, any credit union, with citation guidance and answers to common questions.
§ 14650. Subject to the limitations of Sections 14402, 14403, and 14404, any credit union
Subject to the limitations of Sections 14402, 14403, and 14404, any credit union or credit unions may purchase, acquire and hold outstanding shares of a corporation engaged exclusively in holding property of the character described in Section 14402 and which property is or is to be used for the purposes set forth in Section 14402. The purchase or acquisition of stock of any such corporation shall be approved by two-thirds of all the directors of such credit union or credit unions.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 14650
What does Public Contract Code - PCC § 14650 cover?
Section 14650 ("Subject to the limitations of Sections 14402, 14403, and 14404, any credit union") 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 § 14650?
A common citation format is "Public Contract Code - PCC § 14650" (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 § 14650 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.