Financial Code - FIN
DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION [4800 - 4966]
( Heading of Division 1.6 renumbered from Division 1.5 by Stats. 2011, Ch. 243, Sec. 8. ) CHAPTER 4. Merger [4880 - 4908.10]
( Chapter 4 added by Stats. 1982, Ch. 1411, Sec. 3. ) ARTICLE 1. Merger Into California State Depository Corporation [4880 - 4891]
( Heading of Article 1 amended by Stats. 1995, Ch. 480, Sec. 156. ) 4890.
Promptly after a merger becomes effective:
(a) The surviving depository corporation shall:
(1) Surrender to the regulator of the disappearing depository corporation for cancellation the certificates of authority or licenses issued to the disappearing depository corporation by the regulator; and
(2) File with the regulator of the disappearing depository corporation such
report regarding the merger as the regulator may require.
(b) The commissioner shall file a report regarding the merger with the Secretary of State.
(Amended by Stats. 1996, Ch. 1064, Sec. 517. Effective January 1, 1997. Operative July 1, 1997.)