Statute · California Financial Code
Cal. Fin. Code § 5620 — Issuance of Stock and Certificates
Cal. Fin. Code § 5620
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(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.
Citator
Cal. Fin. Code § 5620 — Issuance of Stock and Certificates is in force in the current edition of the Code, and nothing recorded condemns it.
(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.