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Section 14101.8 Of Article 1. Incorporation And Bylaws From California Financial Code >> Division 5. >> Chapter 2. >> Article 1.
14101.8
. (a) No amendment of the articles of a credit union shall
become effective unless the certificate of amendment or other
instrument setting forth the amendment is filed with the Secretary of
State with the commissioner's approval endorsed thereon. The
amendment shall become effective upon being filed with the Secretary
of State. Promptly after the amendment becomes effective, the credit
union shall file with the commissioner a copy of the certificate of
amendment or other instrument certified by the Secretary of State.
(b) An amendment of the articles set forth in an agreement of merger that requires the approval of the commissioner shall not be subject to the provisions of subdivision (a). An amendment meeting this criteria shall become effective at the time the merger becomes effective, pursuant to this division.
(b) An amendment of the articles set forth in an agreement of merger that requires the approval of the commissioner shall not be subject to the provisions of subdivision (a). An amendment meeting this criteria shall become effective at the time the merger becomes effective, pursuant to this division.
