California Financial Code ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets

• Section 5750.
  (a) Pursuant to a plan or agreement (referred to as “agreement” in this article) adopted by the board of directors and approved by the commissioner as...
• Section 5751.
  At the sole discretion of the commissioner a public hearing may be held on applications filed under this article, in accordance with procedures established by...
• Section 5752.
  Applications filed under this article shall be accompanied by any applicable filing fee prescribed by the commissioner pursuant to Section 9001.(Added by Stats. 1983, Ch....
• Section 5753.
  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...
• Section 5754.
  In a merger the agreement shall state any matters with respect to which the articles of the surviving association are deemed amended and the articles...
• Section 5755.
  When a merger or consolidation agreement has been approved by the directors and the stockholders or members of an association, the association shall mail notice...
• Section 5756.
  Any amendment to a merger or consolidation agreement may be adopted, and the agreement so amended may be approved at the meeting of the stockholders...
• Section 5757.
  Notwithstanding any other provision of law, the approval of transactions under this article shall not be required by any borrowers or by holders of savings...
• Section 5758.
  The executed agreement, or an executed counterpart of it and the respective certificate of each constituent association or any other corporation and of the surviving...
• Section 5759.
  An association may acquire all or at least 90 percent of the issued and outstanding stock of another association, or any other corporation, with the...
• Section 5760.
  (a) Any association, owning all the outstanding stock of any corporation, may merge its wholly owned subsidiary corporation if the laws under which the subsidiary corporation...
• Section 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...
• Section 5762.
  The commissioner may adopt rules and regulations relating to any transaction regulated by this article.(Added by Stats. 1983, Ch. 1091, Sec. 2.)

Last modified: October 22, 2018