California § 5863 - An application to the commissioner for approval of a reorganization under this ar
Full text of California Public Contract Code - PCC § 5863 — An application to the commissioner for approval of a reorganization under this ar, with citation guidance and answers to common questions.
§ 5863. An application to the commissioner for approval of a reorganization under this ar
An application to the commissioner for approval of a reorganization under this article shall contain such relevant information as the commissioner may require. The commissioner may disapprove any proposed mutual holding company formation and refuse to issue a certificate of authority for the reorganized stock association only if within 60 days after the date of filing of a completed application he or she finds the following: (a) The disapproval is necessary to prevent unsafe and unsound practices. (b) The financial or managerial resources of the mutual association warrant disapproval. (c) The mutual association fails to furnish the information required by the commissioner pursuant to this section. (d) The mutual association fails to comply with the requirements of Section 5862.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5863
What does Public Contract Code - PCC § 5863 cover?
Section 5863 ("An application to the commissioner for approval of a reorganization under this ar") 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 § 5863?
A common citation format is "Public Contract Code - PCC § 5863" (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 § 5863 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.