Is Cal. Fin. Code § 251 — Transition Provisions still in force?

Statute · California Financial Code

Cal. Fin. Code § 251 — Transition Provisions

Cal. Fin. Code § 251

Type: Statute
Source: California Financial Code
Jurisdiction: California
Date: 2012-01-01
Current through: Nov 2, 2026 (California Legislative Counsel)

For purposes of Chapter 23 (commencing with Section 2300) of the new General Corporation Law, in the case of any subject institution existing on January 1, 1979:

Citator

Cal. Fin. Code § 251 — Transition Provisions is in force in the current edition of the Code, and nothing recorded condemns it.

For purposes of Chapter 23 (commencing with Section 2300) of the new General Corporation Law, in the case of any subject institution existing on January 1, 1979:

(a) The term “new law” shall mean the new General Corporation Law, subject, however, to the provisions of Section 101 of the revised Banking Law.

(b) The term “prior law” shall mean the prior General Corporation Law, subject, however, to the provisions of Section 101 of the prior Banking Law.