§ 5701
78 words·~1 min read·
/ca/financial-code/5701A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.