{"code":"FIN","codeName":"Financial Code","section":"253","citation":"Fin. Code, § 253","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. FINANCIAL INSTITUTIONS [99. - 900.]","url":"https://blackletter.si/financial-code/division-1"},{"name":"CHAPTER 2. Transition Provisions [250. - 254.]","url":"https://blackletter.si/financial-code/division-1/chapter-2"}],"history":"Added by Stats. 2011, Ch. 243, Sec. 2.   (SB 664)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>In case the board of a subject institution has, prior to January 1, 1979, adopted a resolution levying an assessment on the common shares of such subject institution in accordance with an order issued by the commissioner pursuant to Section 661 of the prior Banking Law:</p><p>(a) If the assessment has, prior to January 1, 1979, become a lien on the common shares in accordance with Section 2704 of the prior General Corporation Law, the assessment shall be collected pursuant to the prior General Corporation Law:</p><p>(b) Otherwise, the resolution shall be deemed to be rescinded on January 1, 1979.</p>","text":"In case the board of a subject institution has, prior to January 1, 1979, adopted a resolution levying an assessment on the common shares of such subject institution in accordance with an order issued by the commissioner pursuant to Section 661 of the prior Banking Law: (a) If the assessment has, prior to January 1, 1979, become a lien on the common shares in accordance with Section 2704 of the prior General Corporation Law, the assessment shall be collected pursuant to the prior General Corporation Law: (b) Otherwise, the resolution shall be deemed to be rescinded on January 1, 1979.","otherVersions":[],"url":"https://blackletter.si/financial-code/transition-provisions-253","source":"California Legislative Information bulk export (pubinfo)"}