reglab/housing_qa huggingface dataset:
CA Fin Code § 5762 (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 5762.

5762.  The commissioner may adopt rules and regulations relating to any transaction regulated by this article.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5800 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 8 - Holding Companies and Stock Acquisitions|Section 5800.

5800.  For the purposes of this article the following words and phrases shall have the following meanings:(a) “Savings and loan holding company” means any person that either, directly or indirectly, or acting in concert with one or more other persons:(1) Owns, controls, or holds with power to vote, or holds proxies to vote:(A) Where the association or savings and loan holding company has fewer than 500 stockholders or members, 25 percent or more of the outstanding voting capital stock of any capital stock association or savings and loan holding company or 25 percent or more of the total number of votes or proxies of votes eligible to be cast by the members of any mutual association located in this state.(B) Where the association or savings and loan holding company has at least 500 stockholders or members, 10 percent or more of the outstanding voting capital stock of any capital stock association or savings and loan holding company or 10 percent or more of the total number of votes or proxies of votes eligible to be cast by the members of any mutual association located in this state.(2) Controls in any manner, whether by the holding of proxies or otherwise, the election of a majority of the directors of any association or savings and loan holding company located in this state.(b) Notwithstanding subdivision (a), an individual or group of individuals shall not be deemed to be a “savings and loan holding company” solely because an individual or group of individuals solicits, holds, or votes proxies in an association if, at the time of receiving the proxies, the individual or group of individuals serve as directors of the association and solicited or received the proxies pursuant to authorization by the board of directors of the association.(c) “Subsidiary” of a person means any person, except an individual that is directly or indirectly owned, controlled, or otherwise held by that person to the extent or in the manner described in the preceding subdivision.(d) “Completed application” means an application for acquisition of control of an association, as filed with the commissioner, together with any amendments by the applicant, additional information requested in writing by the commissioner, and accompanied by the applicable filing fee pursuant to Section 9001. If the additional required information is not received within 30 days of the date of the request, the commissioner may consider the application complete upon written notice to the applicant.(Amended by Stats. 1987, Ch. 730, Sec. 6.)
CA Fin Code § 5801 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 8 - Holding Companies and Stock Acquisitions|Section 5801.

5801.  (a) Except as provided in subdivision (b), no person may become a savings and loan holding company, or thereafter register under Section 5804, unless the commissioner approves a completed application. The application shall be in a form prescribed by the commissioner, contain the following information and any additional information that the commissioner may determine by regulation or by written instructions to be necessary or appropriate to preserve the public interest, the integrity of the state’s savings association system, and to protect the interests of savings account holders, borrowers, and stockholders resident in this state:(1) The identity, experience, and financial and managerial resources of each acquiring person by whom or on whose behalf the application is made.(2) The terms, conditions, and method of any proposed acquisition, including copies of all tender offers used or to be used in connection with any proposed acquisition of capital stock.(3) The source, kind, and amount of the consideration used or to be used in making the acquisition, and, if any part of the consideration has been or is to be borrowed or otherwise obtained for the purpose of making the acquisition, a description of the transaction and the names of all participating persons.(4) Any plans or proposals that any acquiring person may have to liquidate or convert the association or savings and loan holding company, to sell its assets or merge it with any company, to change the number of its employees in this state or the terms and conditions of their employment, or to make any other substantial change in its business, corporate structure, management or employees upon becoming a holding company.(5) The names of those officers and directors that the acquiring person proposes to install in any change of managements, and for each of those officers and directors a financial statement, a description of experience in savings association related matters, and a statement as to whether the officer or director ever has been found guilty of misrepresentation, fraud, or financial misdealings.(6) If any tender offer, request or invitation for tenders or other agreement to acquire control is proposed to be made by means of a registration statement under the federal Securities Act of 1933, as amended, or in circumstances requiring the disclosure of similar information under the federal Securities Exchange Act of 1934, as amended, or in an application filed with the Office of Thrift Supervision or Federal Deposit Insurance Corporation requiring similar disclosure, that registration statement or application may be filed with the commissioner in lieu of the requirements of this section.(b) The commissioner may exempt any transaction from the operation of this section if the commissioner determines that regulation of the transaction is not necessary or appropriate.(Amended by Stats. 1990, Ch. 1118, Sec. 27.)
CA Fin Code § 5802 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 8 - Holding Companies and Stock Acquisitions|Section 5802.

5802.  The commissioner shall within 60 days after the date of filing of a completed application, unless good cause is shown why a decision to approve or deny could not be made within 60 days, approve the application with any conditions reasonably necessary or advisable in the public interest, or deny the application. The commissioner shall determine whether the following criteria are met, and if the criteria are not met, the application shall be denied:(a) The acquisition, under any federal or state law, will not substantially lessen competition and will not in any manner be in restraint of trade or result in a monopoly, or be in furtherance of any combination or conspiracy to monopolize or attempt to monopolize the savings association business in any part of the state unless the commissioner finds that the anticompetitive effects of the proposed acquisition are clearly outweighed in the public interest in meeting the convenience and needs of the community that the association serves.(b) The financial condition of any acquiring person will not jeopardize the financial stability of the association or the savings and loan holding company sought to be acquired and will not prejudice the interest of the savings account holders, borrowers, or stockholders of the association and is in the public interest.(c) The plan or proposal under which the acquiring person intends to liquidate the savings association or the savings and loan holding company, to sell its assets or to merge it with any person or association, or to make any other major change in its business or corporate structure or management, is fair and reasonable to the association, its savings account holders, borrowers, and resident stockholders, and will not tend to impair the integrity of the state’s savings association system, and is in the public interest.(d) The competence, experience, integrity, and resources of any acquiring person indicate that approval would be in the interest of the association, its savings account holders, borrowers, and resident stockholders and of the community that the association serves.(e) The requirements of this article have been met.(f) The acquisition would not violate state or federal law and the commissioner determines that approval is in the public interest.(g) The applicant has provided all information requested by the commissioner.(Amended by Stats. 1987, Ch. 730, Sec. 8.)
CA Fin Code § 5803 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 8 - Holding Companies and Stock Acquisitions|Section 5803.

5803.  (a) After the decision under this article by the commissioner either approving or denying the application, upon the filing with the commissioner within 30 days after the date of the decision of a written request for a hearing by any person aggrieved by the decision, the commissioner shall hold a public hearing on the merits of the request, after which the decision shall be affirmed, modified, or reversed.(b) The commissioner shall have authority to amend, suspend, or revoke an approval of the application for acquisition of control upon failure of the applicant to meet the conditions of the approval, or upon a finding that the approval was based on false statements, misrepresentations, or omission of material facts.(Amended by Stats. 1987, Ch. 730, Sec. 9.)
CA Fin Code § 5804 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 8 - Holding Companies and Stock Acquisitions|Section 5804.

5804.  (a) Within 60 days following approval, or a later date if extended by the commissioner, each savings and loan holding company shall register with the commissioner in a prescribed form which shall require information with respect to the financial condition, ownership, operations, management, and intercompany relationships of the savings and loan holding company and its subsidiaries, and related matters as the commissioner may deem necessary or appropriate.(b) The registration shall automatically expire if the approval of the application for acquisition of control is revoked or suspended or the person ceases to be a savings and loan holding company.(c) The commissioner shall be notified in writing by a registered savings and loan holding company upon any change in its beneficial or legal ownership of stock of an association.(Amended by Stats. 1987, Ch. 730, Sec. 10.)
CA Fin Code § 5806 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 8 - Holding Companies and Stock Acquisitions|Section 5806.

5806.  Each savings and loan holding company, which is not an individual, shall pay an initial and an annual registration fee of five hundred dollars ($500) if the registrant’s association subsidiaries have total assets of up to one hundred million dollars ($100,000,000) or one thousand dollars ($1,000) if the subsidiaries have total assets of one hundred million dollars ($100,000,000) or more. These fees shall be paid within 30 days following notice from the commissioner that payment is due.(Amended by Stats. 1989, Ch. 868, Sec. 3. Effective September 26, 1989.)
CA Fin Code § 5807 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 8 - Holding Companies and Stock Acquisitions|Section 5807.

5807.  When a savings and loan holding company has satisfied the requirements of this article, the commissioner shall issue the holding company a certificate of registration, and shall send a copy to each association subsidiary in this state with respect to which the holding company has registered.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5808 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 8 - Holding Companies and Stock Acquisitions|Section 5808.

5808.  No association that is a subsidiary in this state of any savings and loan holding company that does not have in effect a certificate of registration for that association as required by this article or whose holding company has failed to comply with (1) an order of a court made in respect to the provisions of this division or (2) an order of the commissioner under Section 8200, shall knowingly, without consent of the commissioner, do any of the following:(a) Transfer or register stock or other securities on its books for or issue certificates to its holding company.(b) Pay dividends on stock of which its holding company is the record or beneficial owner.(c) Permit the voting of stock owned or controlled by its holding company.(d) Make any other payments of any nature to its holding company.(e) Enter into any agreement, contract, or transaction with its holding company.(Amended by Stats. 1987, Ch. 730, Sec. 11.)
CA Fin Code § 5809 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 8 - Holding Companies and Stock Acquisitions|Section 5809.

5809.  (a) The commissioner from time to time may require reports from any savings and loan holding company and its subsidiaries in a format deemed necessary or appropriate and relevant to the jurisdiction and responsibilities of the commissioner under this division. Any savings and loan holding company and its subsidiaries shall file reports and be subject to examination as required by the commissioner in the manner provided for associations in Article 3 (commencing with Section 8150) of Chapter 7.(b) The cost of any examination may be assessed against each savings and loan holding company examined and the assessment shall be paid to the department.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5810 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 8 - Holding Companies and Stock Acquisitions|Section 5810.

5810.  The commissioner shall have the enforcement powers with respect to savings and loan holding companies and their subsidiaries that are provided with respect to associations in Section 8200.(Amended by Stats. 1987, Ch. 1162, Sec. 9. Effective September 26, 1987.)
CA Fin Code § 5811 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 8 - Holding Companies and Stock Acquisitions|Section 5811.

5811.  This article shall not apply to an acquisition of stock made pursuant to a plan or agreement of reorganization, merger, consolidation, or transfer of assets under Section 5750.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5850 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 9 - Dissolution|Section 5850.

5850.  (a) An association may dissolve pursuant to the General Corporation Law (Division 1 (commencing with Section 100) of Title 1 of the Corporations Code). (b) In the case of a mutual association, the required vote of members to elect voluntarily to wind up and dissolve shall be by members representing 50 percent or more of the voting power required to elect directors of the association.(c) No certificate of election to dissolve or certificate of dissolution of an association shall be filed with the Secretary of State unless there is attached thereto the certificate of the commissioner approving the same.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5860 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 10 - Mutual Holding Companies|Section 5860.

5860.  Notwithstanding any other provision of law, but subject to prior approval of the commissioner, any mutual association may reorganize so as to become a mutual holding company by causing a reorganized savings and loan association to be incorporated and organized as a stock association under this chapter, transferring to the reorganized stock association a substantial part of the assets of that mutual association and causing the reorganized stock association to assume all or a substantial part of the liabilities of the mutual association, including all of its savings account liabilities.(Added by Stats. 1988, Ch. 718, Sec. 10.)
CA Fin Code § 5861 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 10 - Mutual Holding Companies|Section 5861.

5861.  Upon transfer of assets and assumption of liabilities pursuant to Section 5860, persons who prior thereto held savings accounts with, or other rights as creditors of, the mutual association with respect to accounts and liabilities transferred shall have such accounts and rights solely with respect to the reorganized stock association, and the corresponding liability or obligation of the mutual association to those persons shall be assumed by the reorganized stock association without a change in terms. Persons who had ownership, liquidation, or voting rights with respect to the mutual association shall continue to have those rights solely with respect to the mutual association in its reorganized form as a mutual holding company.(Added by Stats. 1988, Ch. 718, Sec. 10.)
CA Fin Code § 5862 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 10 - Mutual Holding Companies|Section 5862.

5862.  A reorganization of a mutual association pursuant to this article shall be approved by the board of directors and by the members of the mutual association.(Added by Stats. 1988, Ch. 718, Sec. 10.)
CA Fin Code § 5863 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 10 - Mutual Holding Companies|Section 5863.

5863.  An application to the commissioner for approval of a reorganization under this article shall contain such relevant information as the commissioner may require. The commissioner may disapprove any proposed mutual holding company formation and refuse to issue a certificate of authority for the reorganized stock association only if within 60 days after the date of filing of a completed application he or she finds the following:(a) The disapproval is necessary to prevent unsafe and unsound practices.(b) The financial or managerial resources of the mutual association warrant disapproval.(c) The mutual association fails to furnish the information required by the commissioner pursuant to this section.(d) The mutual association fails to comply with the requirements of Section 5862.(Added by Stats. 1988, Ch. 718, Sec. 10.)
CA Fin Code § 5864 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 10 - Mutual Holding Companies|Section 5864.

5864.  In connection with reorganization pursuant to the provisions of this article, a mutual association may, subject to the approval of the commissioner, retain capital assets at the holding company level to the extent that the capital exceeds adequate reserves as prescribed by state or federal law.(Added by Stats. 1988, Ch. 718, Sec. 10.)
CA Fin Code § 5865 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 10 - Mutual Holding Companies|Section 5865.

5865.  A mutual holding company shall be deemed to be a savings association continuing its organization under this division and may engage only in activities authorized for an association, but may not issue or accept savings accounts or other deposits and the provisions of subdivision (a) of Section 5606 requiring insurance of savings accounts by the Federal Deposit Insurance Corporation shall not be applicable. The articles of incorporation of the mutual holding company shall be amended to delete any inappropriate statements otherwise required by Section 5501.5 and shall include the following statement:“This corporation is a mutual holding company organized under the California Savings Association Law (Article 10 (commencing with Section 5860) of Chapter 2 of Division 2 of the Financial Code).”(Amended by Stats. 1990, Ch. 1118, Sec. 28.)
CA Fin Code § 5866 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 10 - Mutual Holding Companies|Section 5866.

5866.  Sections 5801, 5802, and 5803 shall not apply to a reorganization pursuant to this article.(Added by Stats. 1988, Ch. 718, Sec. 10.)
CA Fin Code § 5867 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 10 - Mutual Holding Companies|Section 5867.

5867.  Notwithstanding any other provision of law, a reorganized stock association may exercise any and all powers, rights, and privileges of and be subject to all limitations not inconsistent with this article which are applicable to stock associations as provided in this division.(Added by Stats. 1988, Ch. 718, Sec. 10.)
CA Fin Code § 5868 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 2 - Corporate Organization and Corporate Changes|ARTICLE 10 - Mutual Holding Companies|Section 5868.

5868.  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.(Added by Stats. 1988, Ch. 718, Sec. 10.)
CA Fin Code § 6000 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 3 - Corporate Administration|ARTICLE 1 - Meetings of Members of Mutual Associations|Section 6000.

6000.  An annual meeting of the members of each mutual association shall be held at a time and place fixed in the bylaws of the association.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 6001 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 3 - Corporate Administration|ARTICLE 1 - Meetings of Members of Mutual Associations|Section 6001.

6001.  Special meetings of the members of a mutual association may be called at any time by the president or the board of directors, and shall be called by the president, a vice president, or the secretary upon the written request of members holding of record in the aggregate at least 10 percent of the outstanding savings deposits of the association. Such written request shall state the purposes of the meeting and shall be delivered at the principal office of the association addressed to the president.(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)