Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 2.: DIVISION 2. SAVINGS ASSOCIATION LAW/Ch. 2.: CHAPTER 2. Corporate Organization and Corporate Changes/Art. 6.: ARTICLE 6. Conversions/§ 5706.
California Statutes

§ 5706. — 5706. (Added by Stats. 1983, Ch. 1091, Sec. 2.)

California § 5706.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 2.DIVISION 2. SAVINGS ASSOCIATION LAW
Ch. 2.CHAPTER 2. Corporate Organization and Corporate Changes
Art. 6.ARTICLE 6. Conversions

This text of California § 5706. (5706. (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 § 5706. (2026).

Text

At the time the conversion into a federal association becomes effective the association ceases to be supervised by this state and all of the property of the association, including all of its right, title, and interest in and to all property of every kind and character immediately, by operation of law and without any conveyance, or transfer and without any further act or deed, is vested in the association under its new name and style as a federal association and under its new jurisdiction.

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Legislative History

Added by Stats. 1983, Ch. 1091, Sec. 2.
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California § 5706., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/5706..