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2025 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 2 - Corporate Organization and Corporate Changes
ARTICLE 6 - Conversions
Section 5701.
Universal Citation:
CA Fin Code § 5701 (2025)
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5701. At any regular or special meeting called to consider the conversion of an association into a federal association, in the case of a stock association, the stockholders entitled to vote and any members entitled to vote, by an affirmative majority of the votes cast in person or by proxy; and in the case of a mutual association the members, by action on a proposal approved by the members, may resolve to convert the association into a federal association.
(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
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