Statute · California Financial Code
Cal. Fin. Code § 4895.02 — Merger Into California State-Licensed Foreign (Other Nation) Bank
Cal. Fin. Code § 4895.02
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
With the approval of the commissioner:
Citator
Cal. Fin. Code § 4895.02 — Merger Into California State-Licensed Foreign (Other Nation) Bank is in force in the current edition of the Code, and nothing recorded condemns it.
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.