California Law (Last Updated: March 4, 2014) |
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 5753.
Latest version.
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The provisions of Chapter 13 (commencing with Section 1300) of Division 1 of Title 1 of the Corporations Code shall apply only to stockholders and shares of stock owned by them in the association being merged, or where assets are being transferred into a surviving association, or where a merger or transfer is approved under the provisions of this article by written consent of the stockholders.
(Added by Stats. 1983, Ch. 1091, Sec. 2.)