ARTICLE 3. Conversion of California State Depository Corporation Into Federal Depository Corporation [4960. - 4966.]

Heading of Article 3 amended by Stats. 1995, Ch. 480, Sec. 191.

§§ 4960–4966 · 8 sections

• § 4960 In this article, unless the context otherwise requires, “conversion” means any of the conversions described in Section 4961.
• § 4961 (a) A California state bank may convert into a national banking association pursuant to this article and federal law. (b) A California state depository…
• § 4961.5 (a) No provision of Division 1.1 (commencing with Section 1000), except the provisions of Chapter 19 (commencing with Section 1670) of Division 1.1, prohibits…
• § 4962 (a) A converting depository corporation shall make a plan of conversion, stating: (1) That the converting depository corporation shall be converted into the…
• § 4963 A conversion shall have the same effect as provided in Section 4950 in the case of a conversion of the type defined in Section 4940.
• § 4964 Promptly after a conversion becomes effective, the resulting depository corporation shall: (a) Surrender to the commissioner for cancellation the certificates…
• § 4965 (a) After a conversion becomes effective, the resulting depository corporation may issue an officers’ certificate, stating that the converting depository…
• § 4966 (a) Within 60 days after a conversion, the resulting depository corporation shall file with the Secretary of State an officers’ certificate reciting the name…