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DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION 4800-4966›CHAPTER 5. Conversion 4920-4966›ARTICLE 3. Conversion of California State Depository Corporation Into Federal Depository Corporation 4960-4966

§ 4964

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

Promptly after a conversion becomes effective, the resulting depository corporation shall:

(a) Surrender to the commissioner for cancellation the certificates of authority or licenses issued by the commissioner to the converting depository corporation; and

(b) File with the commissioner such report of the conversion as the commissioner may require.

(Amended by Stats. 1996, Ch. 1064, Sec. 544. Effective January 1, 1997. Operative July 1, 1997.)

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California Financial Code

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