ARTICLE 4. Merger of California State Independent Trust Company into Uninsured Foreign (Other State) Depository Corporation [4908.01. - 4908.10.]

Article 4 added by Stats. 1996, Ch. 887, Sec. 46.

§§ 4908.01–4908.10 · 10 sections

• § 4908.01 In this article, unless the context otherwise requires, “merger” means any of the mergers described in Section 4908.02.
• § 4908.02 With the approval of the commissioner, a California state independent trust company may merge into an uninsured foreign (other state) state depository…
• § 4908.03 A merger is subject to the provisions of Section 1108 of the Corporations Code.
• § 4908.04 A disappearing or surviving depository corporation shall file an application for approval of a merger with the commissioner.
• § 4908.05 A merger shall not become effective unless it has been approved by the commissioner.
• § 4908.06 If the commissioner finds all of the following with respect to an application for approval of a merger, the commissioner shall approve the application: (a)…
• § 4908.07 After an application for approval of a merger has been approved and all conditions precedent to the merger have been fulfilled, the commissioner shall approve…
• § 4908.08 A merger shall have the same effect as provided in Section 1107 of the Corporations Code and Section 4889 in the case of a merger of the type defined in…
• § 4908.09 Promptly after a merger becomes effective, the surviving depository corporation shall: (a) Surrender to the commissioner for cancellation the certificates of…
• § 4908.10 (a) After a merger becomes effective, the surviving depository corporation may issue an officers’ certificate, stating that the disappearing depository…