Financial Code § 4895.05

ARTICLE 2. Merger Into California State-Licensed Foreign (Other Nation) Bank

Current as of September 28, 2026Fin. Code, § 4895.05Official source ↗

Amended by Stats. 1996, Ch. 1064, Sec. 520.1. Effective January 1, 1997. Operative July 1, 1997.

(a) A merger shall not become effective unless it has been approved by the commissioner.

(b) After an application for approval of a merger has been approved and all conditions precedent to the merger have been fulfilled, the commissioner shall approve the merger.