Financial Code § 4951

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

Current as of September 28, 2026Fin. Code, § 4951Official source ↗

Added by Stats. 1982, Ch. 1411, Sec. 3.

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.