Statute · California Financial Code
Cal. Fin. Code § 4951 — Conversion of Federal Depository Corporation Into California State Depository Corporation
Cal. Fin. Code § 4951
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Promptly after a conversion becomes effective, the resulting depository corporation shall:
Citator
Cal. Fin. Code § 4951 — 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.
Promptly after a conversion becomes effective, the resulting depository corporation shall:
(a) Surrender to the regulator of the converting depository corporation for cancellation the certificates of authority or licenses issued to the converting depository corporation by the regulator; and
(b) File with the regulator of the converting depository corporation such report regarding the conversion as the regulator may require.