California § 5620. 5620. (Added by Stats. 1983, Ch. 1091, Sec. 2.)

California Statutes

§ 5620. — 5620. (Added by Stats. 1983, Ch. 1091, Sec. 2.)

California § 5620.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 2.DIVISION 2. SAVINGS ASSOCIATION LAW

Ch. 2.CHAPTER 2. Corporate Organization and Corporate Changes

Art. 4.ARTICLE 4. Issuance of Stock and Certificates

This text of California § 5620. (5620. (Added by Stats. 1983, Ch. 1091, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 5620. (2026).

Text

(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 into classes and the classes into series.

(b)Stock associations which have withdrawable shares outstanding as of the effective date of this section may continue to issue savings accounts in that form and the holders of these accounts shall have the same rights as they had before this section became law.

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(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 into classes and the classes into series.
(b)
Stock associations which have withdrawable shares outstanding as of the effective date of this section may continue to issue savings accounts in that form and the holders of these accounts shall have the same rights as they had before this section became law.

Legislative History

Added by Stats. 1983, Ch. 1091, Sec. 2.

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California § 5620., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/5620..