Statute · California Financial Code
Cal. Fin. Code § 5761 — Power to Reorganize, Merge, Consolidate, or Transfer Assets
Cal. Fin. Code § 5761
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Fin. Code § 5761 — Power to Reorganize, Merge, Consolidate, or Transfer Assets is in force in the current edition of the Code, and nothing recorded condemns it.
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.