Statute · California Financial Code
Cal. Fin. Code § 4941 — Conversion of Federal Depository Corporation Into California State Depository Corporation
Cal. Fin. Code § 4941
- 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 § 4941 — Conversion of Federal Depository Corporation Into California State Depository Corporation is in force in the current edition of the Code, and nothing recorded condemns it.
With the approval of the commissioner:
(a) A national banking association may convert into a California state bank pursuant to this article and federal law.
(b) A federal depository corporation of any class may convert into a California state depository corporation of another class pursuant to federal law and this article.