California § 6053 - In the case of an association which converts from a mutual association to a stock
Full text of California Public Contract Code - PCC § 6053 — In the case of an association which converts from a mutual association to a stock, with citation guidance and answers to common questions.
§ 6053. In the case of an association which converts from a mutual association to a stock
In the case of an association which converts from a mutual association to a stock association, for a period of up to five years from the date of conversion, special meetings of the stockholders of a stock association may be called at any time by the president, or the board of directors, and shall be called by the president, vice president, or secretary upon the written request of stockholders holding of record in the aggregate at least 20 percent of the outstanding shares of the association, which request shall state the purpose of the meeting and shall be delivered at the principal office of the association addressed to the president. The date for any special meeting called by stockholders shall be set by the board of directors and shall be not less than 60 nor more than 90 days after the date of receipt of the request.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 6053
What does Public Contract Code - PCC § 6053 cover?
Section 6053 ("In the case of an association which converts from a mutual association to a stock") 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 § 6053?
A common citation format is "Public Contract Code - PCC § 6053" (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 § 6053 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.