California § 14652.5 - A credit union may organize, sponsor, operate, control, or render investment advi
Full text of California Public Contract Code - PCC § 14652.5 — A credit union may organize, sponsor, operate, control, or render investment advi, with citation guidance and answers to common questions.
§ 14652.5. A credit union may organize, sponsor, operate, control, or render investment advi
(a) A credit union may organize, sponsor, operate, control, or render investment advice to, an investment company, or underwrite, distribute, or sell securities of any investment company which has qualified to sell its securities in this state pursuant to Part 2 (commencing with Section 25100) of Division 1 of Title 4 of the Corporations Code, if the officers and employees of the credit union who sell these securities meet such standards with respect to training, experience, and sales practices as established by the commissioner or the commissionerâs designee. For the purpose of this section, âinvestment companyâ means an investment company as defined in the Investment Company Act of 1940 (15 U.S.C., Sec. 80a-1 et seq.). (b) The amendments made to this section by the act adding this subdivision shall become operative on July 1, 2026.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 14652.5
What does Public Contract Code - PCC § 14652.5 cover?
Section 14652.5 ("A credit union may organize, sponsor, operate, control, or render investment advi") 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 § 14652.5?
A common citation format is "Public Contract Code - PCC § 14652.5" (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 § 14652.5 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.