California § 5865 - A mutual holding company shall be deemed to be a savings association continuing i
Full text of California Public Contract Code - PCC § 5865 — A mutual holding company shall be deemed to be a savings association continuing i, with citation guidance and answers to common questions.
§ 5865. A mutual holding company shall be deemed to be a savings association continuing i
A mutual holding company shall be deemed to be a savings association continuing its organization under this division and may engage only in activities authorized for an association, but may not issue or accept savings accounts or other deposits and the provisions of subdivision (a) of Section 5606 requiring insurance of savings accounts by the Federal Deposit Insurance Corporation shall not be applicable. The articles of incorporation of the mutual holding company shall be amended to delete any inappropriate statements otherwise required by Section 5501.5 and shall include the following statement: âThis corporation is a mutual holding company organized under the California Savings Association Law (Article 10 (commencing with Section 5860) of Chapter 2 of Division 2 of the Financial Code).â
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5865
What does Public Contract Code - PCC § 5865 cover?
Section 5865 ("A mutual holding company shall be deemed to be a savings association continuing i") 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 § 5865?
A common citation format is "Public Contract Code - PCC § 5865" (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 § 5865 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.