BILL NUMBER: AB 1158	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Charles Calderon

                        FEBRUARY 18, 2011

   An act to amend Section 14001 of the Financial Code, relating to
credit unions.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1158, as introduced, Charles Calderon. Credit unions.
   The California Credit Union Law regulates the formation and
operation of credit unions. Existing law sets forth various defined
terms for purposes of the California Credit Union Law.
   This bill would make a nonsubstantive change to these provisions.

   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 14001 of the Financial Code is amended to read:

   14001.  The definitions  given   provided
 in this division govern the construction of this division
unless the context otherwise requires.