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 2. Merger Into California State-Licensed Foreign (Other Nation) Bank [4895.01 - 4895.06]
( Article 2 added by Stats. 1995, Ch. 480, Sec. 164. ) 4895.02.
With the approval of the commissioner:
(a) A California depository corporation may merge into a California state-licensed foreign (other nation) bank pursuant to (1) this article, (2) in case the disappearing depository corporation is a federal depository corporation, federal law, and (3) the law of the foreign bank’s domicile.
(b) A foreign (other state) depository corporation that has a branch office in this state may merge
into a California state-licensed foreign (other nation) bank pursuant to (1) this article, (2) in case the disappearing depository corporation is a federal depository corporation, federal law, and (3) the laws of the domiciles of the disappearing depository corporation and of the foreign bank.
(Amended by Stats. 1996, Ch. 1064, Sec. 519. Effective January 1, 1997. Operative July 1, 1997.)