GroundRules
FIN § 15255
Where this section sits in the code
- Financial Code - FIN
- DIVISION 5. CREDIT UNIONS [14000. - 16906.]
- CHAPTER 9. Merger, Dissolution and Conversion [15200. - 15359.]
- ARTICLE 2. Dissolution [15250. - 15260.]
After determining that all known debts and liabilities of the credit union have been paid or adequately provided for, the committee or the liquidating agent in charge of liquidation shall distribute all the remaining assets of the credit union among the members or shareholders. Each share is entitled to its proportionate amount of the assets according to the amount paid on that share.
Collected 2026-09-14T05:56:33Z. Source file · JSON