California Financial Code

§ 5761

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 5761Div. 2 · Ch. 2 · Art. 7

Statute text

View on leginfo.ca.gov

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.

Legislative history

Added by Stats. 1983, Ch. 1091, Sec. 2.