California Code
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 3 - Corporate Administration

ARTICLE 1 - Meetings of Members of Mutual Associations

Section 6000. - 6000. An annual meeting of the members of each mutual...

Section 6001. - 6001. Special meetings of the members of a mutual association...

Section 6002. - 6002. Notice of each annual and special meeting shall be...

Section 6003. - 6003. In the consideration of all questions requiring action by...

Section 6004. - 6004. (a) In order that the association may determine the...

Section 6005. - 6005. At any meeting of the members, voting may be...

Section 6006. - 6006. Any number of members present at a regular or...

ARTICLE 2 - Access to Books and Records; Communication with Stockholders or Members; Derivative Actions

Section 6050. - 6050. (a) The register of stockholders or members, the books...

Section 6051. - 6051. (a) If any member, members, stockholder or stockholders desire...

Section 6052. - 6052. (a) No action may be instituted or maintained in...

Section 6053. - 6053. In the case of an association which converts from...

ARTICLE 3 - Financial Statement Publication

Section 6100. - 6100. Each association shall prepare and publish annually within the...

ARTICLE 4 - Directors

Section 6150. - 6150. (a) The business of each association shall be directed...

Section 6151. - 6151. No person shall be eligible for election or shall...

Section 6152. - 6152. (a) A director shall automatically cease to be a...

Section 6153. - 6153. Directors shall be elected for periods of three years...

Section 6154. - 6154. If the members or stockholders fail to elect a...

Section 6155. - 6155. Whenever the number of directors is changed and vacancies...

Section 6156. - 6156. (a) Any vacancy among directors, not filled by the...

Section 6157. - 6157. Every savings association subject to the new director or...

ARTICLE 5 - Indemnity Bonds

Section 6200. - 6200. Except as provided in subdivision (b) of Section 6203,...

Section 6201. - 6201. Associations that employ collection agents, who for any reason...

Section 6202. - 6202. No indemnity bond coverage is required of any agent...

Section 6203. - 6203. (a) The amounts and form of indemnity bonds and...

Section 6204. - 6204. Indemnity bonds shall provide that their cancellation either by...

ARTICLE 6 - Records

Section 6450. - 6450. Each association shall keep correct and complete books and...

Section 6451. - 6451. (a) Except as provided in subdivision (b), each agency...

Section 6452. - 6452. Each association shall observe generally accepted accounting principles and...

Section 6453. - 6453. Each association shall close its books at the close...

Section 6454. - 6454. No association by any system of accounting or any...

Section 6455. - 6455. (a) Each association shall maintain complete loan and investment...

Section 6456. - 6456. Each mutual association shall maintain membership records which shall...

Section 6457. - 6457. Each capital stock association shall maintain a register of...

Section 6458. - 6458. (a) Any association may cause any or all records...

ARTICLE 7 - Statutory Net Worth; Reserve Accounts

Section 6475. - 6475. (a) Each association shall maintain an adequate statutory net...

Section 6476. - 6476. Each association shall set up and maintain the reserves...

Section 6477. - 6477. Any association which, for the purpose of evading provisions...