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§ 30.600. Standard for Keeping Books and Records.

10 CA ADC § 30.600Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 1. Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 30. Credit Unions
Article 6. Books and Records
10 CCR § 30.600
§ 30.600. Standard for Keeping Books and Records.
Currentness
(a) A credit union shall maintain its books and records in accordance with generally accepted accounting principles and good business practice, except as otherwise provided in the California Credit Union Law, in this Subchapter, in any other applicable law, or by order of the Commissioner.
(b) A credit union shall keep its books on an accrual basis of accounting or other basis of accounting as permitted by the Commissioner.

Credits

Note: Authority cited: Section 14201, Financial Code. Reference: Sections 14250 and 14252, Financial Code.
History
1. Change without regulatory effect adding new article 6 (sections 30.600-30.606) and renumbering former section 951 to new section 30.600 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
2. Amendment of section heading, section and Note filed 2-27-2003; operative 3-29-2003 (Register 2003, No. 9).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 10, § 30.600, 10 CA ADC § 30.600
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