Financial Code § 4929

ARTICLE 1. Conversion of California State Depository Corporation Into California State Depository Corporation

Current as of September 28, 2026Fin. Code, § 4929Official source ↗

Amended by Stats. 1996, Ch. 1064, Sec. 531. Effective January 1, 1997. Operative July 1, 1997.

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 to the converting depository corporation by the commissioner; and

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