California Financial Code ARTICLE 1 - Merger Into California State Depository Corporation

• Section 4880.
  In this article, unless the context otherwise requires:(a) “Agreement of merger” includes a certificate of ownership executed pursuant to Section 1110 of the Corporations Code.(b) “Merger” means...
• Section 4881.
  (a) With the approval of the commissioner, a bank may merge into a California state bank pursuant to (1) this article, (2) in case the disappearing...
• Section 4882.
  In obtaining any approval of outstanding shares required for a merger, the surviving depository corporation and, in case the surviving depository corporation is to issue...
• Section 4883.
  The provisions of Chapter 13 (commencing with Section 1300) of Division 1 of Title 1 of the Corporations Code shall not apply to the shareholders...
• Section 4884.
  A surviving depository corporation shall file with the commissioner an application for approval of the merger.(Amended by Stats. 1996, Ch. 1064, Sec. 512. Effective January...
• Section 4885.
  If the commissioner finds all of the following with respect to an application for approval of a merger, the commissioner shall approve the application:(a) That the...
• Section 4887.
  (a) After an application for approval of a merger has been approved and all conditions precedent to the merger have been fulfilled, the commissioner shall approve...
• Section 4888.
  When a merger becomes effective:(a) Unless the surviving depository corporation provided otherwise in the application for approval of the merger or unless the commissioner provided otherwise...
• Section 4889.
  (a) When a merger becomes effective:(1) Any reference to the disappearing depository corporation in any writing, whether executed or taking effect before or after the merger, shall...
• Section 4890.
  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...
• Section 4891.
  (a) After a merger becomes effective, the commissioner shall, upon application, issue a certificate under his or her official seal, stating that the disappearing depository corporation...

Last modified: October 22, 2018