California § 14863 - A credit union shall not impose any charge on a member or depositor holding a per
Full text of California Public Contract Code - PCC § 14863 — A credit union shall not impose any charge on a member or depositor holding a per, with citation guidance and answers to common questions.
§ 14863. A credit union shall not impose any charge on a member or depositor holding a per
(a) A credit union shall not impose any charge on a member or depositor holding a periodic certificate for funds for the failure of such member or depositor to invest, or for the late investment of, any agreed periodic installment investment in such a periodic certificate for funds. A credit union shall pay interest on periodic certificates for funds at the same rate of interest per annum as is paid on certificates for funds as to which a member or depositor has not agreed to make periodic installment investments. (b) As used in this section âperiodic certificate for fundsâ means a certificate for funds under which a member or depositor undertakes to make periodic investments of a specified amount into one account, except, however, a periodic certificate for funds shall not mean an impound account established for the purpose of payment of taxes or other expenses and obligations in connection with a loan secured by real property.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 14863
What does Public Contract Code - PCC § 14863 cover?
Section 14863 ("A credit union shall not impose any charge on a member or depositor holding a per") 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 § 14863?
A common citation format is "Public Contract Code - PCC § 14863" (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 § 14863 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.