California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION |
Chapter 5. Conversion |
ARTICLE 2. Conversion of Federal Depository Corporation Into California State Depository Corporation |
Section 4951.
Latest version.
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Promptly after a conversion becomes effective, the resulting depository corporation shall:
(a) Surrender to the regulator of the converting depository corporation for cancellation the certificates of authority or licenses issued to the converting depository corporation by the regulator; and
(b) File with the regulator of the converting depository corporation such report regarding the conversion as the regulator may require.
(Added by Stats. 1982, Ch. 1411, Sec. 3.)