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2025 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 2 - Corporate Organization and Corporate Changes
ARTICLE 2 - Petition for Certificate of Authority
Section 5506.
Universal Citation:
CA Fin Code § 5506 (2025)
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5506. Within 30 days after the corporate existence of an association begins, the directors of the association shall hold an organization meeting and shall elect officers pursuant to the provisions of this division and the bylaws. At the organization meeting, the directors shall take any other action that is appropriate in connection with the organization of the association. The commissioner may extend by order the time within which the organization meeting shall be held.
(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
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