California Financial Code

§ 4888

FIN § 4888 Effective Jan 1, 1997Div. 1.6 · Ch. 4 · Art. 1

Statute text

When a merger becomes effective:

(a)Unless the surviving depository corporation provided otherwise in the application for approval of the merger or unless the commissioner provided otherwise in the approval of the application:

(1)The surviving depository corporation may establish and maintain a branch office at the head office of the disappearing depository corporation and may establish and maintain equivalent offices at the branch offices, places of business, extensions of offices, and other facilities, if any, of the disappearing corporation.

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Legislative history

Amended by Stats. 1996, Ch. 1064, Sec. 516. Effective January 1, 1997. Operative July 1, 1997.