California Financial Code

§ 5701

FIN § 5701Div. 2 · Ch. 2 · Art. 6

Statute text

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.

Legislative history

Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.