(1) The California Credit Union Law provides for the regulation of credit unions within the state by the Commissioner of Business Oversight. The law requires a credit union to be directed by a board of directors consisting of an odd number of directors, at least 5 in number, each of whom are a member of the credit union, to be elected by the members at their annual meeting. The law requires a credit union to have a supervisory committee of at least 3 persons, each of whom is a member of the credit union. The law authorizes the directors to delegate the approval of applications for new memberships to any officer, director, committee member, or employee pursuant to a written membership plan adopted by the board, provided the board reviews, at least quarterly, a report of membership applications approved by an officer, director, committee member, or employee.
(1) The California Credit Union Law provides for the regulation of credit unions within the state by the Commissioner of Business Oversight. The law requires a credit union to be directed by a board of directors consisting of an odd number of directors, at least 5 in number, each of whom are a member of the credit union, to be elected by the members at their annual meeting. The law requires a credit union to have a supervisory committee of at least 3 persons, each of whom is a member of the credit union. The law authorizes the directors to delegate the approval of applications for new memberships to any officer, director, committee member, or employee pursuant to a written membership plan adopted by the board, provided the board reviews, at least quarterly, a report of membership applications approved by an officer, director, committee member, or employee.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 7–0 (pass) · upper
AB 2274 DABABNEH Concurrence in Senate Amendments — 78–0 (pass) · lower
Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 12–0 (pass) · lower
AB 2274 DABABNEH Consent Calendar Second Day — 79–0 (pass) · lower
Do pass. To Consent Calendar. — 20–0 (pass) · lower
Sponsors
Dababneh — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2016-02-18 Read first time. To print. reading-1
2016-02-19 From printer. May be heard in committee March 20.
2016-03-03 Referred to Com. on B. & F. referral-committee
2016-03-28 In committee: Set, first hearing. Hearing canceled at the request of author.
2016-04-05 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 12. Noes 0.) (April 4). Re-referred to Com. on APPR. referral-committee, committee-passage-favorable, committee-passage
2016-04-13 From committee: Do pass. To Consent Calendar. (Ayes 20. Noes 0.) (April 13). committee-passage-favorable, committee-passage
2016-04-14 Read second time. Ordered to Consent Calendar. reading-2, reading-1
2016-04-21 Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 4463.) reading-3, passage, reading-1
2016-04-21 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2016-05-05 Referred to Com. on B. & F.I. referral-committee
2016-06-09 In committee: Hearing postponed by committee.
2016-06-15 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (June 15). Re-referred to Com. on APPR. referral-committee, committee-passage-favorable, committee-passage
2016-08-01 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR. referral-committee, reading-2, amendment-introduction, amendment-passage, reading-1
2016-08-01 From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and ordered to consent calendar. committee-passage
2016-08-02 Read second time. Ordered to Consent Calendar. reading-2, reading-1
2016-08-04 From Consent Calendar.
2016-08-04 Ordered to third reading.
2016-08-10 Read third time and amended. Ordered to second reading. reading-3, amendment-passage, reading-1
2016-08-11 Read second time. Ordered to third reading. reading-2, reading-1
2016-08-15 Read third time. Passed. Ordered to the Assembly. (Ayes 38. Noes 0. Page 4982.). reading-3, passage, reading-1
2016-08-16 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 18 pursuant to Assembly Rule 77.
2016-08-22 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6043.). committee-passage-favorable, amendment-passage
2016-08-26 Enrolled and presented to the Governor at 4:30 p.m.
2016-09-14 Approved by the Governor. executive-signature
2016-09-14 Chaptered by Secretary of State - Chapter 353, Statutes of 2016.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/a1db1d0b-ce14-4c70-b382-09295b3f9c72. Confidence: reported (aggregated from official California legislature records).