Statute · California Financial Code
Cal. Fin. Code § 4890 — Merger Into California State Depository Corporation
Cal. Fin. Code § 4890
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Promptly after a merger becomes effective:
Citator
Cal. Fin. Code § 4890 — Merger Into California State Depository Corporation is in force in the current edition of the Code, and nothing recorded condemns it.
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.