DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION 4800-4966›CHAPTER 1. General Provisions 4800-4828.7›ARTICLE 3. Other General Provisions 4820-4828.7
§ 4824
California Financial Code · 2018-11 edition · updated 2026-10-04 · California
In determining for purposes of this division whether the shareholders’ equity of a California state depository corporation will be adequate:
(a) In case the corporation is, or is to convert into, a California state bank, the commissioner shall consider the factors specified in Section 1150.
(b) In case the corporation is, or is to convert into, a California state savings association or a California industrial loan company, the commissioner shall consider factors equivalent to those specified in Section 1150.
(Amended by Stats. 2013, Ch. 334, Sec. 53. (SB 537) Effective January 1, 2014.)
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