California · Financial Code

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

What this law says, in plain English

Directors of associations converted from federal associations may include a statement in incorporation articles noting the conversion from federal status.

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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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