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Financial Code - FIN - FIN § 566
Financial Code - FIN - FIN § 566
(a) The commissioner may bring an action in the name of the people of this state in superior court to enjoin any violation of, to enforce compliance with, or to collect any penalty or other liability imposed under, any law subject to the jurisdiction of the commissioner. The comm
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Financial Code - FIN - FIN § 567
Financial Code - FIN - FIN § 567
If the commissioner finds that a person has conducted, or that there is reasonable cause to believe that a person is about to conduct, business that requires a license issued by the commissioner and that person has not been issued the required license, the commissioner may, witho
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Financial Code - FIN - FIN § 5700
Financial Code - FIN - FIN § 5700
A state association may convert itself into a federal association by following the procedure outlined in Sections 5701 through 5708.
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Financial Code - FIN - FIN § 5701
Financial Code - FIN - FIN § 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 p
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Financial Code - FIN - FIN § 5702
Financial Code - FIN - FIN § 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 financia
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Financial Code - FIN - FIN § 5703
Financial Code - FIN - FIN § 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
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Financial Code - FIN - FIN § 5704
Financial Code - FIN - FIN § 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.
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Financial Code - FIN - FIN § 5705
Financial Code - FIN - FIN § 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 o
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Financial Code - FIN - FIN § 5706
Financial Code - FIN - FIN § 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
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Financial Code - FIN - FIN § 5707
Financial Code - FIN - FIN § 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 res
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Financial Code - FIN - FIN § 5708
Financial Code - FIN - FIN § 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
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Financial Code - FIN - FIN § 5709
Financial Code - FIN - FIN § 5709
Any federal association may convert itself into an association by following the procedure set forth in Sections 5710 through 5718.
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Financial Code - FIN - FIN § 5710
Financial Code - FIN - FIN § 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.
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Financial Code - FIN - FIN § 5711
Financial Code - FIN - FIN § 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 offi
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Financial Code - FIN - FIN § 5712
Financial Code - FIN - FIN § 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.
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Financial Code - FIN - FIN § 5713
Financial Code - FIN - FIN § 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 applic
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Financial Code - FIN - FIN § 5714
Financial Code - FIN - FIN § 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. ”
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Financial Code - FIN - FIN § 5715
Financial Code - FIN - FIN § 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.
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Financial Code - FIN - FIN § 5716
Financial Code - FIN - FIN § 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 inte
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Financial Code - FIN - FIN § 5717
Financial Code - FIN - FIN § 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
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Financial Code - FIN - FIN § 5718
Financial Code - FIN - FIN § 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
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Financial Code - FIN - FIN § 5750
Financial Code - FIN - FIN § 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 saving
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Financial Code - FIN - FIN § 5751
Financial Code - FIN - FIN § 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.
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Financial Code - FIN - FIN § 5752
Financial Code - FIN - FIN § 5752
Applications filed under this article shall be accompanied by any applicable filing fee prescribed by the commissioner pursuant to Section 9001.
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Financial Code - FIN - FIN § 5753
Financial Code - FIN - FIN § 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