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§ 103.205. Notice to Stockholders.

10 CA ADC § 103.205Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 2. Savings and Loan Commissioner (Refs & Annos)
Subchapter 3. Applications and Hearings
Article 2. Applications and Hearings for Mergers, Consolidations, or Transfers of Property and Assets of Existing Associations
10 CCR § 103.205
§ 103.205. Notice to Stockholders.
Currentness
Promptly after execution of a merger agreement, and in any event within ten days after such execution, each constituent association shall mail to each of its stockholders a notice advising them that the merger agreement has been executed. Such notice shall, in addition, contain the following information:
(a) A statement of the general terms of the merger agreement, including a description of the nature and amount of consideration to be paid, and to whom, and
(b) A statement of necessary approvals from state and federal authorities.
The said notice need not be mailed to any stockholder who has in writing waived the right the receive the notice.

Credits

Note: Authority cited: Section 5255, Financial Code. Reference: Sections 9200-9218, Financial Code.
History
1. Change without regulatory effect renumbering former Section 203.2 to Section 103.205 (Register 87, No. 14). For prior history, see Register 71, No. 32.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 103.205, 10 CA ADC § 103.205
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