It shall be the duty of a credit union to report promptly to the Commissioner any actual or alleged defalcation, embezzlement or theft by any director, officer, committeeman, management personnel or employee of such credit union.

Note: Authority cited: Section 14201, Financial Code. Reference: Sections 14155 and 14205, Financial Code.

History

1. Change without regulatory effect renumbering and amending former section 913 to new section 30.108 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).