California Financial Code

§ 4951

FIN § 4951Div. 1.6 · Ch. 5 · Art. 2

Statute text

Promptly after a conversion becomes effective, the resulting depository corporation shall:

(a)Surrender to the regulator of the converting depository corporation for cancellation the certificates of authority or licenses issued to the converting depository corporation by the regulator; and

(b)File with the regulator of the converting depository corporation such report regarding the conversion as the regulator may require.

Legislative history

Added by Stats. 1982, Ch. 1411, Sec. 3.