14861. No credit union shall issue shares to anyone not qualified for membership under its bylaws, except shares issued in coownership as provided in Section 14851.(Amended by Stats. 1980, Ch. 52, Sec. 9.)
California Legal Code
§ 14861
Source: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=FIN&division=5.&title=&part=&chapter=6.&article=1.· Version 2026