“Mutual association” means an association for which the articles of incorporation do not authorize the issuance of capital stock.
Cal. Fin. Code § 5109
General Definitions
Known as the Savings Association Law
The act spans §§ 5000–10009 (387 sections).
Added by Stats. 1983, Ch. 1091, Sec. 2.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.