California Financial Code

§ 4826

FIN § 4826 Effective Oct 2, 1995Div. 1.6 · Ch. 1 · Art. 3

Statute text

Notwithstanding any other provision of law, no savings association or industrial loan company may convert into a bank if the ownership of the savings association or industrial loan company is such that the establishment or acquisition of control of a new state bank or national banking association by the same ownership would not be permitted by Section 3(d) of the Bank Holding Company Act of 1956 (12 U.S.C. Sec. 1842 (d)).

Legislative history

Amended by Stats. 1995, Ch. 480, Sec. 106. Effective October 2, 1995.