ARTICLE 7. Power to Reorganize, Merge, Consolidate, or Transfer Assets [5750. - 5762.]
Article 7 added by Stats. 1983, Ch. 1091, Sec. 2.
§§ 5750–5762 · 13 sections
- § 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 fair,…
- § 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…
- § 5752 Applications filed under this article shall be accompanied by any applicable filing fee prescribed by the commissioner pursuant to Section 9001.
- § 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 shares of…
- § 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 shall be…
- § 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…
- § 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 or members…
- § 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…
- § 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…
- § 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 prior…
- § 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…
- § 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…
- § 5762 The commissioner may adopt rules and regulations relating to any transaction regulated by this article.