Financial Code § 4949

ARTICLE 2. Conversion of Federal Depository Corporation Into California State Depository Corporation

Current as of September 28, 2026Fin. Code, § 4949Official source ↗

Amended by Stats. 1996, Ch. 1064, Sec. 541. Effective January 1, 1997. Operative July 1, 1997.

When a conversion becomes effective, the commissioner shall issue to the resulting depository corporation certificates of authority, licenses, or other appropriate authorizations for the branch offices, places of business, extensions of offices, and other facilities, if any, that the converting depository corporation was operating and that the resulting depository corporation is to continue to operate.