California Code
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 2 - Corporate Organization and Corporate Changes

ARTICLE 1 - Organizing Permit

Section 5400. - 5400. (a) No funds from proposed stockholders, members, or organizers...

Section 5401. - 5401. The application for an organizing permit shall be in...

Section 5402. - 5402. (a) The commissioner may impose conditions in an organizing...

Section 5403. - 5403. (a) Before filing an application for an organizing permit...

ARTICLE 2 - Petition for Certificate of Authority

Section 5500. - 5500. Within 60 days after issuance of an organizing permit...

Section 5501. - 5501. Upon receipt of a petition for a certificate of...

Section 5501.5. - 5501.5. The articles of incorporation of each domestic association incorporated...

Section 5502. - 5502. The commissioner shall not approve any petition for certificate...

Section 5503. - 5503. (a) The commissioner shall, within a reasonable time after...

Section 5504. - 5504. Upon issuance of a certificate of approval of articles...

Section 5505. - 5505. The articles of incorporation of a proposed association shall...

Section 5506. - 5506. Within 30 days after the corporate existence of an...

ARTICLE 3 - Postincorporation Organization of Associations

Section 5600. - 5600. (a) The board of directors of an association which...

Section 5601. - 5601. Before a certificate of authority is issued, the capital...

Section 5602. - 5602. In addition to the minimum capital required, the commissioner...

Section 5603. - 5603. In the case of a stock association, prior to...

Section 5604. - 5604. (a) In the case of a stock association, on...

Section 5605. - 5605. (a) Any association that does not commence business within...

Section 5606. - 5606. (a) Prior to doing business in this state, an...

Section 5612. - 5612. For the purposes of this article, “security” means any...

Section 5613. - 5613. (a) No association shall sell, except upon a sale...

Section 5614. - 5614. (a) Except as provided in subdivision (b), no issued...

Section 5615. - 5615. An application for a permit to sell securities shall...

Section 5616. - 5616. Upon the filing of the application for a permit...

Section 5617. - 5617. Every permit to sell securities shall recite in bold...

Section 5618. - 5618. The commissioner may amend, alter, or revoke any permit...

ARTICLE 4 - Issuance of Stock and Certificates

Section 5620. - 5620. (a) A stock association may issue shares of common...

Section 5621. - 5621. (a) With the approval of the commissioner, a mutual...

Section 5622. - 5622. Capital stock of a stock association shall be issued...

Section 5623. - 5623. A mutual association may issue mutual capital certificates in...

Section 5624. - 5624. An association may issue net worth certificates in accordance...

ARTICLE 5 - Association Name, Office

Section 5650. - 5650. Notwithstanding the provisions of subdivision (a) of Section 201...

Section 5651. - 5651. (a) No certificate of approval of articles of incorporation...

Section 5652. - 5652. Except as otherwise authorized under existing law, no person,...

Section 5653. - 5653. Upon application by the commissioner or any association, a...

Section 5654. - 5654. (a) Without the prior approval of the commissioner, as...

Section 5655. - 5655. No association shall advertise or hold itself out to...

ARTICLE 6 - Conversions

Section 5700. - 5700. A state association may convert itself into a federal...

Section 5701. - 5701. At any regular or special meeting called to consider...

Section 5702. - 5702. Any executor, administrator, guardian, conservator of a natural person...

Section 5703. - 5703. Promptly after the meeting approving a conversion into a...

Section 5704. - 5704. A certified copy of the certificate required by Section...

Section 5705. - 5705. After the meeting of the stockholders and members, the...

Section 5706. - 5706. At the time the conversion into a federal association...

Section 5707. - 5707. The converted federal association shall have, hold, and enjoy...

Section 5708. - 5708. Where a copy of a charter of a federal...

Section 5709. - 5709. Any federal association may convert itself into an association...

Section 5710. - 5710. At any regular or special meeting called to consider...

Section 5711. - 5711. Copies of the minutes of the proceedings of the...

Section 5712. - 5712. The verified copies of the minutes of the meeting,...

Section 5713. - 5713. After a meeting as provided for in Section 5710,...

Section 5714. - 5714. The directors of an association converted from a federal...

Section 5715. - 5715. Promptly after the filing of the articles of incorporation...

Section 5716. - 5716. Upon the filing of the articles of incorporation with...

Section 5717. - 5717. The converted association shall have, hold, and enjoy the...

Section 5718. - 5718. In the event stock is to be issued by...

ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets

Section 5750. - 5750. (a) Pursuant to a plan or agreement (referred to...

Section 5751. - 5751. At the sole discretion of the commissioner a public...

Section 5752. - 5752. Applications filed under this article shall be accompanied by...

Section 5753. - 5753. The provisions of Chapter 13 (commencing with Section 1300)...

Section 5754. - 5754. In a merger the agreement shall state any matters...

Section 5755. - 5755. When a merger or consolidation agreement has been approved...

Section 5756. - 5756. Any amendment to a merger or consolidation agreement may...

Section 5757. - 5757. Notwithstanding any other provision of law, the approval of...

Section 5758. - 5758. The executed agreement, or an executed counterpart of it...

Section 5759. - 5759. An association may acquire all or at least 90...

Section 5760. - 5760. (a) Any association, owning all the outstanding stock of...

Section 5761. - 5761. The directors of an association may, in their discretion,...

Section 5762. - 5762. The commissioner may adopt rules and regulations relating to...

ARTICLE 8 - Holding Companies and Stock Acquisitions

Section 5800. - 5800. For the purposes of this article the following words...

Section 5801. - 5801. (a) Except as provided in subdivision (b), no person...

Section 5802. - 5802. The commissioner shall within 60 days after the date...

Section 5803. - 5803. (a) After the decision under this article by the...

Section 5804. - 5804. (a) Within 60 days following approval, or a later...

Section 5806. - 5806. Each savings and loan holding company, which is not...

Section 5807. - 5807. When a savings and loan holding company has satisfied...

Section 5808. - 5808. No association that is a subsidiary in this state...

Section 5809. - 5809. (a) The commissioner from time to time may require...

Section 5810. - 5810. The commissioner shall have the enforcement powers with respect...

Section 5811. - 5811. This article shall not apply to an acquisition of...

ARTICLE 9 - Dissolution

Section 5850. - 5850. (a) An association may dissolve pursuant to the General...

ARTICLE 10 - Mutual Holding Companies

Section 5860. - 5860. Notwithstanding any other provision of law, but subject to...

Section 5861. - 5861. Upon transfer of assets and assumption of liabilities pursuant...

Section 5862. - 5862. A reorganization of a mutual association pursuant to this...

Section 5863. - 5863. An application to the commissioner for approval of a...

Section 5864. - 5864. In connection with reorganization pursuant to the provisions of...

Section 5865. - 5865. A mutual holding company shall be deemed to be...

Section 5866. - 5866. Sections 5801, 5802, and 5803 shall not apply to...

Section 5867. - 5867. Notwithstanding any other provision of law, a reorganized stock...

Section 5868. - 5868. A reorganized stock association shall have the power to...