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2025 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 1 - Short Title, General Definitions, and General Provisions
ARTICLE 2 - General Definitions
Section 5101.
Universal Citation:
CA Fin Code § 5101 (2025)
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5101. “Approved by the members,” in the case of a mutual association, means approved by a majority of all votes cast at a duly held regular or special meeting or by the written consent (including consents by proxy) of a majority of the total votes of members outstanding at the close of business on the next business day prior to the date that the requisite written consents have been filed with the association.
(Added by Stats. 1983, Ch. 1091, Sec. 2.)
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