California · Financial Code
FIN §15254: The committee or the liquidating agent in charge of liquidation may sue in the name and on behalf of the credit union, and may sell or otherwise dispose of the assets of the credit union, in whole or
What this law says, in plain English
A committee or liquidating agent may sue on behalf of a credit union and sell or dispose of its assets during liquidation.
Read the full statutory text
The committee or the liquidating agent in charge of liquidation may sue in the name and on behalf of the credit union, and may sell or otherwise dispose of the assets of the credit union, in whole or in part, at public or private sale.
Verify at the official source: California legislative text
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