California § 5808 - No association that is a subsidiary in this state of any savings and loan holding
Full text of California Public Contract Code - PCC § 5808 — No association that is a subsidiary in this state of any savings and loan holding, with citation guidance and answers to common questions.
§ 5808. No association that is a subsidiary in this state of any savings and loan holding
No association that is a subsidiary in this state of any savings and loan holding company that does not have in effect a certificate of registration for that association as required by this article or whose holding company has failed to comply with (1) an order of a court made in respect to the provisions of this division or (2) an order of the commissioner under Section 8200, shall knowingly, without consent of the commissioner, do any of the following: (a) Transfer or register stock or other securities on its books for or issue certificates to its holding company. (b) Pay dividends on stock of which its holding company is the record or beneficial owner. (c) Permit the voting of stock owned or controlled by its holding company. (d) Make any other payments of any nature to its holding company. (e) Enter into any agreement, contract, or transaction with its holding company.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5808
What does Public Contract Code - PCC § 5808 cover?
Section 5808 ("No association that is a subsidiary in this state of any savings and loan holding") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 5808?
A common citation format is "Public Contract Code - PCC § 5808" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 5808 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.