California Statutes
§ 5868. — 5868. (Added by Stats. 1988, Ch. 718, Sec. 10.)
California § 5868.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 2.DIVISION 2. SAVINGS ASSOCIATION LAW
Ch. 2.CHAPTER 2. Corporate Organization and Corporate Changes
Art. 10.ARTICLE 10. Mutual Holding Companies
This text of California § 5868. (5868. (Added by Stats. 1988, Ch. 718, Sec. 10.)) 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 § 5868. (2026).
Text
A reorganized stock association shall have the power to issue additional amounts of capital stock to the mutual holding company of which it is a subsidiary and, in addition, to other persons an amount of capital stock and securities convertible into capital stock which in the aggregate does not exceed 49 percent of the issued and outstanding capital stock of that organized association. For the purposes of the 49 percent limitation, any issued and outstanding securities that are convertible into capital stock shall be considered issued and outstanding capital stock.
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Legislative History
Added by Stats. 1988, Ch. 718, Sec. 10.
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California § 5868., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/5868..