The articles of incorporation of every credit union shall set forth the following:
- (a) The name of the corporation, which shall include the phrase “credit union.”
(b)
(1) The following statement:
The purpose of the corporation is to engage in credit union business and any other lawful activities which are not prohibited to a credit union by applicable laws or regulations.
- (2) By December 31, 2003, each credit union that immediately prior to the enactment of this section was authorized to operate as a credit union shall amend its articles to comply with the provisions of paragraph (1). Notwithstanding Section 7813.5 of the Corporations Code, the amendment of the articles of a credit union as required by paragraph (1) may be adopted by approval of the board alone.
- (c) The name and street address in this state of the corporation’s initial agent for service of process in accordance with subdivision (b) of Section 8210 of the Corporations Code.
- (d) The names and addresses of five or more persons appointed to act as initial directors.
- (e) The street address of the corporation.
- (f) The mailing address of the corporation, if different from the street address.