California § 14865 - Shares issued by a credit union to a member shall be evidenced in monetary amount
Full text of California Public Contract Code - PCC § 14865 — Shares issued by a credit union to a member shall be evidenced in monetary amount, with citation guidance and answers to common questions.
§ 14865. Shares issued by a credit union to a member shall be evidenced in monetary amount
Shares issued by a credit union to a member shall be evidenced in monetary amounts rather than by numbers of shares. The shares owned by a member also may be referred to as a âshare accountâ. There shall be no limit to the amount of shares which a credit union may issue.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 14865
What does Public Contract Code - PCC § 14865 cover?
Section 14865 ("Shares issued by a credit union to a member shall be evidenced in monetary amount") 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 § 14865?
A common citation format is "Public Contract Code - PCC § 14865" (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 § 14865 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.