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2025 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 2 - Corporate Organization and Corporate Changes
ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets
Section 5761.
Universal Citation:
CA Fin Code § 5761 (2025)
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5761. The directors of an association may, in their discretion, abandon a transaction under this article, subject to the rights of third parties under any contracts relating thereto, without further action or approval by the stockholders or members of the association, at any time before the transaction has been completed.
(Added by Stats. 1983, Ch. 1091, Sec. 2.)
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