§ 5761
49 words·~1 min read·
/ca/financial-code/5761A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.