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DIVISION 2. SAVINGS ASSOCIATION LAW 5000-10009›CHAPTER 2. Corporate Organization and Corporate Changes 5400-5868›ARTICLE 7. Power to Reorganize, Merge, Consolidate, or Transfer Assets 5750-5762

§ 5761

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

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.

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

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California Financial Code

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