California § 15251 - If the dissolution of the credit union is approved pursuant to subdivision (a) or
Full text of California Public Contract Code - PCC § 15251 — If the dissolution of the credit union is approved pursuant to subdivision (a) or, with citation guidance and answers to common questions.
§ 15251. If the dissolution of the credit union is approved pursuant to subdivision (a) or
If the dissolution of the credit union is approved pursuant to subdivision (a) or (b) of Section 15250, the board of directors of the credit union shall elect a committee of three members or may by resolution appoint a liquidating agent to liquidate the assets of the credit union. If the commissioner is appointed liquidating agent, the commissioner may act as liquidating agent or appoint the National Credit Union Administration or other person to act as liquidating agent. Whenever the commissioner is appointed liquidating agent, the credit union shall surrender its certificate to act as a credit union.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 15251
What does Public Contract Code - PCC § 15251 cover?
Section 15251 ("If the dissolution of the credit union is approved pursuant to subdivision (a) or") 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 § 15251?
A common citation format is "Public Contract Code - PCC § 15251" (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 § 15251 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.