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AB-1191 Depository corporations.(2023-2024)

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Date Published: 02/16/2023 09:00 PM
AB1191:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Assembly Bill
No. 1191

Introduced by Assembly Member Flora

February 16, 2023

An act to amend Section 4800 of the Financial Code, relating to financial institutions.


LEGISLATIVE COUNSEL'S DIGEST


AB 1191, as introduced, Flora. Depository corporations.
Existing law, the Depository Corporation Sale, Merger, and Conversion Law, generally regulates a depository corporation with respect to a sale, a merger, or a conversion of that corporation.
This bill would make a nonsubstantive change to the provision naming that law.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 4800 of the Financial Code is amended to read:

4800.
 This division shall be known and may be cited as the “Depository Corporation Sale, Merger, and Conversion Law.”