reglab/housing_qa huggingface dataset:
CA Fin Code § 5700 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5700.

5700.  A state association may convert itself into a federal association by following the procedure outlined in Sections 5701 through 5708.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5701 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5701.

5701.  At any regular or special meeting called to consider the conversion of an association into a federal association, in the case of a stock association, the stockholders entitled to vote and any members entitled to vote, by an affirmative majority of the votes cast in person or by proxy; and in the case of a mutual association the members, by action on a proposal approved by the members, may resolve to convert the association into a federal association.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5702 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5702.

5702.  Any executor, administrator, guardian, conservator of a natural person or receiver, and any fiduciary or trustee, and any public corporation, political subdivision, public instrumentality, charitable institution, educational and eleemosynary institution, trust company or financial institution, and any insurance company or cemetery association may, without obtaining court approval:(a) Vote in person or by proxy in favor of or against converting a state association into a federal association, or may approve or disapprove the determination to so convert.(b) Exchange any stock, savings accounts, or other rights or claims, for securities issued by the federal association, and hold the securities as legal investments.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5703 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5703.

5703.  Promptly after the meeting approving a conversion into a federal association, the association shall file in the office of the commissioner a certificate verified by the president or vice president and the secretary or assistant secretary of the association. The certificate shall contain a copy of the minutes of the meeting and a statement of the number of stockholders and members entitled to vote and the number voting to approve the determination to convert the association into a federal association. A like certificate shall be filed in the office of the Secretary of State.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5704 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5704.

5704.  A certified copy of the certificate required by Section 5703 filed in the office of the Secretary of State is presumptive evidence of the holding of the meeting, the action taken at the meeting, and of the approval of stockholders and members.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5705 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5705.

5705.  After the meeting of the stockholders and members, the association shall take any action necessary to make it a federal association, and promptly after receipt of the federal charter the association shall file in the office of the commissioner and in the office of the Secretary of State, a copy of the charter issued to it by the Office of Thrift Supervision or a certificate showing the organization of the association as a federal association certified by or on behalf of the Office of Thrift Supervision. Upon the filing of this instrument in the office of the Secretary of State the association ceases to be a state association and is a federal association.(Amended by Stats. 1990, Ch. 1118, Sec. 25.)
CA Fin Code § 5706 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5706.

5706.  At the time the conversion into a federal association becomes effective the association ceases to be supervised by this state and all of the property of the association, including all of its right, title, and interest in and to all property of every kind and character immediately, by operation of law and without any conveyance, or transfer and without any further act or deed, is vested in the association under its new name and style as a federal association and under its new jurisdiction.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5707 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5707.

5707.  The converted federal association shall have, hold, and enjoy the property mentioned in Section 5706 in its own right as fully and to the same extent as the property was possessed, held, and enjoyed by it as a state association and the federal association shall continue to be responsible for all of the obligations of the converted state association to the same extent as though the conversion had not taken place. The federal association is merely a continuation of the state association under a new name and new jurisdiction and the revision of its corporate structure as is considered necessary for its proper operation under the new jurisdiction.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5708 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5708.

5708.  Where a copy of a charter of a federal association, issued by the Federal Home Loan Bank Board pursuant to the laws of the United States was filed with the Secretary of State prior to September 13, 1941, with the intent of converting a building and loan association organized and existing under the laws of this state into a federal association, those conversions are validated, legalized, ratified and confirmed.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5709 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5709.

5709.  Any federal association may convert itself into an association by following the procedure set forth in Sections 5710 through 5718.(Amended by Stats. 1984, Ch. 287, Sec. 12.5. Effective July 6, 1984.)
CA Fin Code § 5710 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5710.

5710.  At any regular or special meeting called to consider the action, the stockholders and members entitled to vote by an affirmative majority of the votes cast in person or by proxy, may resolve to convert a federal association into an association.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5711 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5711.

5711.  Copies of the minutes of the proceedings of the meeting of the stockholders or members in which they vote to convert into an association, verified by the president or vice president and the secretary or an assistant secretary, shall be filed promptly after the meeting in the office of the commissioner, and, in duplicate, with the federal home loan bank of which the association is a member.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5712 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5712.

5712.  The verified copies of the minutes of the meeting, when filed as required by Section 5711, are presumptive evidence of the holding and action of the meeting.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5713 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5713.

5713.  After a meeting as provided for in Section 5710, the federal association shall take or cause to be taken such action as shall make it an association in the manner prescribed and authorized by this division. The directors elected at the meeting shall file the documents with applicable fees and take such proceedings as are required by this division in the case of the original incorporation of an association. The decision for approval or denial shall be issued in writing. No association incorporated by conversion from a federal association is required to comply with any of the provisions of law or any regulations promulgated by the commissioner relating to the minimum amounts of capital required to be subscribed in connection with the original incorporation of an association under this division.(Amended by Stats. 1986, Ch. 361, Sec. 4.5.)
CA Fin Code § 5714 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5714.

5714.  The directors of an association converted from a federal association may insert in the articles of incorporation the following statement: “This association is incorporated by conversion from a federal savings and loan association. ”(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5715 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5715.

5715.  Promptly after the filing of the articles of incorporation with the Secretary of State, there shall be filed with the federal home loan bank of which the association is a member, two copies of the articles of incorporation, certified by the Secretary of State.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5716 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5716.

5716.  Upon the filing of the articles of incorporation with the Secretary of State, the federal association ceases to be a federal association and is an association under the laws of this state. All of the property of the federal association, including all of its right, title, and interest in and to all property of every kind and character immediately, by operation of law and without any conveyance or transfer, and without any further act or deed, is vested in the association under its new name and style as an association and under its new jurisdiction.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5717 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5717.

5717.  The converted association shall have, hold, and enjoy the property mentioned in Section 5716 in its own right as fully and to the same extent as the property was possessed, held and enjoyed by it as a federal association and the converted association continues responsible for all of the obligations of the converted federal association to the same extent as though conversion had not taken place. The association is merely a continuation of the federal association under a new name and new jurisdiction and such revision of its corporate structure as is considered necessary for its proper operation under the new jurisdiction.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5718 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 6 - Conversions|Section 5718.

5718.  In the event stock is to be issued by the converted association, the commissioner may issue an organizing permit to the federal association or to the board of directors elected to serve after conversion, authorizing the association or the board of directors to take subscriptions to stock, to collect subscription payments and to impound the payments pending the issuance of stock, and authorizing the converted association to issue stock after the filing of its articles of incorporation with the Secretary of State. The commissioner may require that all stock to be initially issued be subscribed and fully paid. The commissioner may also issue a certificate of authority to the converted association to be effective upon filing of its articles of incorporation, and may also issue any other orders and permits necessary to authorize the association to continue business without interruption upon the filing of its articles of incorporation.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5750 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets|Section 5750.

5750.  (a) Pursuant to a plan or agreement (referred to as “agreement” in this article) adopted by the board of directors and approved by the commissioner as fair, just and equitable, and as adequately protecting the interests of the association, its members, or stockholders, its savings account holders and the public, an association shall have the power to reorganize or to merge or consolidate with or transfer all or substantially all its assets to another association or federal association, or any other corporation, provided that the principal terms of the plan of the reorganization, merger, consolidation, or transfer shall, in the case of a stock association, be approved at an annual meeting or at any special meeting, or by the written consent of the stockholders voting on the action, by not less than a majority of the total number of votes eligible to be cast. In the case of a mutual association, if required by the commissioner, the principal terms of such a plan shall be approved by members representing not less than a majority of the voting power.(b) In all cases the survivor association shall succeed to all the rights, obligations, and relations of the constituent associations.(c) As a step in a plan of the reorganization, merger, consolidation, or transfer under this section, an interim corporation may be formed. As used in this section, “interim corporation” means a corporation formed to facilitate the acquisition of 100 percent of the voting stock of an existing association or other insured stock institution by or for a newly formed company or an existing savings and loan holding company or to facilitate any other transaction the commissioner may approve.(Amended by Stats. 1987, Ch. 730, Sec. 5.)
CA Fin Code § 5751 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets|Section 5751.

5751.  At the sole discretion of the commissioner a public hearing may be held on applications filed under this article, in accordance with procedures established by the commissioner by regulation.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5752 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets|Section 5752.

5752.  Applications filed under this article shall be accompanied by any applicable filing fee prescribed by the commissioner pursuant to Section 9001.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5753 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets|Section 5753.

5753.  The provisions of Chapter 13 (commencing with Section 1300) of Division 1 of Title 1 of the Corporations Code shall apply only to stockholders and shares of stock owned by them in the association being merged, or where assets are being transferred into a surviving association, or where a merger or transfer is approved under the provisions of this article by written consent of the stockholders.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5754 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets|Section 5754.

5754.  In a merger the agreement shall state any matters with respect to which the articles of the surviving association are deemed amended and the articles shall be amended accordingly, without any further proceedings, upon the effective date of the merger, but with respect to any amendments, the agreement shall meet the requirements of Section 907 of the Corporations Code in identifying any provisions to be amended, stricken, or added and shall set forth in full the wording of the provision as amended or added or the wording of the amended articles if they be amended in full.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5755 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets|Section 5755.

5755.  When a merger or consolidation agreement has been approved by the directors and the stockholders or members of an association, the association shall mail notice of the approval to each of its stockholders or members at least 10 days before filing the certificate as provided in this section unless the consents of all stockholders or members entitled to vote have been solicited and received in writing.After approval by the directors and stockholders or members has been given, the association shall prepare and submit to the commissioner for written approval a certificate in the form of an officers’ certificate (Section 173 of the Corporations Code) which shall set forth the following:(a) An identification of the agreement of merger or consolidation by reference to names of parties and date.(b) That the agreement was approved by the board of directors of the association.(c) The total number of outstanding shares of each class of stock entitled to vote, or in the case of a mutual association the total value of accounts outstanding.(d) That the principal terms of the agreement were approved by the vote or written consent of a number of shares of each class of stock which equaled or exceeded the vote required, or in the case of a mutual association that approval by the members was not required by the commissioner or that the principal terms of the agreement were approved by the vote or written consent of members holding a total value of accounts which equaled or exceeded the vote required.(e) The percentage vote required of each class.(f) That the agreement for merger or consolidation submitted to the commissioner for written approval and for filing with the Secretary of State concurrently with this certificate is the agreement hereinabove referred.(g) Any additional matters that the commissioner may require.(Amended by Stats. 1986, Ch. 361, Sec. 5.)
CA Fin Code § 5756 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets|Section 5756.

5756.  Any amendment to a merger or consolidation agreement may be adopted, and the agreement so amended may be approved at the meeting of the stockholders or members of any of the associations or by written consent of the stockholders or members, in the same manner and by the same vote as the original agreement. If the agreement so amended is approved at a meeting or by written consent by the stockholders or members and by the board of directors of each of the associations by the vote or written consent required for approval of the original agreement, the agreement so amended shall be signed and acknowledged and shall have certified therewith the approval of the directors and of the stockholders or members in the same manner as provided for in the original agreement, and shall then constitute the merging or consolidating agreement.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5757 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets|Section 5757.

5757.  Notwithstanding any other provision of law, the approval of transactions under this article shall not be required by any borrowers or by holders of savings accounts in associations that issue stock.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5758 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets|Section 5758.

5758.  The executed agreement, or an executed counterpart of it and the respective certificate of each constituent association or any other corporation and of the surviving association shall be filed with the Secretary of State. Neither the agreement nor any certificate shall be filed, however, unless the commissioner’s written approval is attached. The effective date of the merger or consolidation under this article shall be the date of the filing with the Secretary of State of the copy of the approved agreement of merger or consolidation. A copy of the approved agreement certified by the Secretary of State shall be filed with the commissioner.If the resulting association is a federal association, the effective date of merger shall be the date the merger is effective under regulations of the Office of Thrift Supervision.(Amended by Stats. 2006, Ch. 773, Sec. 47. Effective September 29, 2006.)
CA Fin Code § 5759 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets|Section 5759.

5759.  An association may acquire all or at least 90 percent of the issued and outstanding stock of another association, or any other corporation, with the prior written approval of the commissioner upon conditions that the commissioner may impose as a step in a plan of merger to be approved by the commissioner. The acquisition of stock shall be upon terms as may be approved by the board of directors of the acquiring association and ratified by the vote or written consent of holders of a majority of the outstanding stock of each class of stockholders of the acquiring association.(Amended by Stats. 1984, Ch. 868, Sec. 7.)
CA Fin Code § 5761 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 7 - Power to Reorganize, Merge, Consolidate, or Transfer Assets|Section 5761.

5761.  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.)