Financial Code § 4964

ARTICLE 3. Conversion of California State Depository Corporation Into Federal Depository Corporation

Current as of September 28, 2026Fin. Code, § 4964Official source ↗

Amended by Stats. 1996, Ch. 1064, Sec. 544. 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 by the commissioner to the converting depository corporation; and

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