California Financial Code ARTICLE 4 - Issuance of Stock and Certificates

• Section 5620.
  (a) A stock association may issue shares of common stock and preferred stock, with or without par value, and common and preferred stock may be divided...
• Section 5621.
  (a) With the approval of the commissioner, a mutual association may amend its articles of incorporation to authorize the issuance of stock and may issue stock....
• Section 5622.
  Capital stock of a stock association shall be issued pursuant to the following requirements:(a) Except for stock issued pursuant to a stock dividend, stock split, reverse...
• Section 5623.
  A mutual association may issue mutual capital certificates in accordance with regulations of the commissioner.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
• Section 5624.
  An association may issue net worth certificates in accordance with applicable regulations of the Office of Thrift Supervision or the Federal Deposit Insurance Corporation.(Amended by...

Last modified: October 22, 2018