California § 14853 - A credit union may issue shares or certificates for funds to a minor of any age o
Full text of California Public Contract Code - PCC § 14853 — A credit union may issue shares or certificates for funds to a minor of any age o, with citation guidance and answers to common questions.
§ 14853. A credit union may issue shares or certificates for funds to a minor of any age o
A credit union may issue shares or certificates for funds to a minor of any age or maintain any other account authorized for credit union members for a minor, and receive payments thereon by or for the minor. The minor is entitled to withdraw, transfer, or pledge any shares or certificates or other moneys owned by him or her and to receive from the credit union all dividends, interest, or other money due thereon in the same manner and subject to the same conditions as an adult. The receipt or acquittance of a minor constitutes a valid release and discharge of the credit union for the payment of dividends, interest, or other money due to the minor.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 14853
What does Public Contract Code - PCC § 14853 cover?
Section 14853 ("A credit union may issue shares or certificates for funds to a minor of any age o") 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 § 14853?
A common citation format is "Public Contract Code - PCC § 14853" (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 § 14853 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.