{"data":{"id":"us-ca/fin-15051","jurisdiction":"us-ca","citation":"FIN § 15051","heading":"","body":"The board of directors shall declare the office of any director, officer, committee member, or the credit manager vacant if the person fails to reduce any obligation to the credit union for which he or she is liable in a timely manner according to the terms of the obligation.","path":["Financial Code - FIN","DIVISION 5. CREDIT UNIONS [14000. - 16906.]","CHAPTER 7. Loans [14950. - 15103.]","ARTICLE 3. Loans to Directors, Officers and Committee Members [15050. - 15051.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"6464296cf4e8352ed124bfec0c22dc304dfbf5689435adcfc866771c314fa360","source_id":"us-ca","stale":false,"prev":"us-ca/fin-15050","next":"us-ca/fin-15100"},"notice":"GroundRules: Original legal text. Not legal advice."}