California Statutes
§ 5761. — 5761. (Added by Stats. 1983, Ch. 1091, Sec. 2.)
California·Code FIN Financial Code - FIN·Div. 2. DIVISION 2. SAVINGS ASSOCIATION LAW·Ch. 2. CHAPTER 2. Corporate Organization and Corporate Changes·Art. 7. ARTICLE 7. Power to Reorganize, Merge, Consolidate, or Transfer Assets
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 relating thereto, without further action or approval by the stockholders or members of the association, at any time before the transaction has been completed.
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California § 5761. (5761. (Added by Stats. 1983, Ch. 1091, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1983, Ch. 1091, Sec. 2.