Public-domain · open source
OpenJurist

Cal. Fin. Code § 5809

Holding Companies and Stock Acquisitions

Known as the Savings Association Law

The act spans §§ 5000–10009 (387 sections).

Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.

(a) The commissioner from time to time may require reports from any savings and loan holding company and its subsidiaries in a format deemed necessary or appropriate and relevant to the jurisdiction and responsibilities of the commissioner under this division. Any savings and loan holding company and its subsidiaries shall file reports and be subject to examination as required by the commissioner in the manner provided for associations in Article 3 (commencing with Section 8150) of Chapter 7.

(b) The cost of any examination may be assessed against each savings and loan holding company examined and the assessment shall be paid to the department.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.