California Financial Code

§ 5500

FIN § 5500Div. 2 · Ch. 2 · Art. 2

Statute text

Within 60 days after issuance of an organizing permit under Article 1 (commencing with Section 5400) any person may request authority to form a capital stock or mutual association by filing with the commissioner three copies of a petition for a certificate of authority and proposed articles of incorporation. The petition shall also be accompanied by three copies of proposed bylaws which shall make provisions for the following:

(a)Annual and special meetings of members or stockholders, and notice of meetings.

(b)Procedure for nomination of directors.

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Legislative history

Amended by Stats. 1988, Ch. 718, Sec. 1.5.