FELDMAN v. SAN MATEO FINANCIAL CORP.

Docket No. A049724.

226 Cal.App.3d 543 (1990)

276 Cal. Rptr. 285

PAUL FELDMAN, Plaintiff and Respondent, v. SAN MATEO FINANCIAL CORPORATION et al., Defendants and Appellants.

Court of Appeals of California, First District, Division Five.

December 20, 1990.


Attorney(s) appearing for the Case

COUNSEL

Dinkelspiel, Donovan & Reder, Ben I. Hamburg and Brett W. Herr for Defendants and Appellants.

Carr, McClellan, Ingersoll, Thompson & Horn, Terri W. Teitelbaum and David M. McKim for Plaintiff and Respondent.


OPINION

LOW, P.J.

The Financial Code and not the Corporations Code controls the rights of shareholders to inspect the records of state savings and loan associations. When a shareholder owns stock in the holding company and not the wholly owned subsidiary savings association, the shareholder has no right of access to minutes of the director's meetings or accounting records. We recommend...

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