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Section 5620 Of Article 4. Issuance Of Stock And Certificates From California Financial Code >> Division 2. >> Chapter 2. >> Article 4.
5620
. (a) A stock association may issue shares of common stock and
preferred stock, with or without par value, and common and preferred
stock may be divided into classes and the classes into series.
(b) Stock associations which have withdrawable shares outstanding as of the effective date of this section may continue to issue savings accounts in that form and the holders of these accounts shall have the same rights as they had before this section became law.
(b) Stock associations which have withdrawable shares outstanding as of the effective date of this section may continue to issue savings accounts in that form and the holders of these accounts shall have the same rights as they had before this section became law.
