California Financial Code ARTICLE 4 - Merger of California State Independent Trust Company into Uninsured Foreign (Other State) Depository Corporation

Section 4908.01.
In this article, unless the context otherwise requires, “merger” means any of the mergers described in Section 4908.02.(Added by Stats. 1996, Ch. 887, Sec. 46....
Section 4908.02.
With the approval of the commissioner, a California state independent trust company may merge into an uninsured foreign (other state) state depository corporation pursuant to...
Section 4908.03.
A merger is subject to the provisions of Section 1108 of the Corporations Code.(Added by Stats. 1996, Ch. 887, Sec. 46. Effective September 25, 1996.)
Section 4908.04.
A disappearing or surviving depository corporation shall file an application for approval of a merger with the commissioner.(Amended by Stats. 1996, Ch. 1064, Sec. 521.3....
Section 4908.05.
A merger shall not become effective unless it has been approved by the commissioner.(Amended by Stats. 1996, Ch. 1064, Sec. 521.4. Effective January 1, 1997....
Section 4908.06.
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 4908.07.
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 4908.08.
A merger shall have the same effect as provided in Section 1107 of the Corporations Code and Section 4889 in the case of a merger...
Section 4908.09.
Promptly after a merger becomes effective, the surviving depository corporation shall:(a) Surrender to the commissioner for cancellation the certificates of authority or licenses issued by the...
Section 4908.10.
(a) After a merger becomes effective, the surviving depository corporation may issue an officers’ certificate, stating that the disappearing depository corporation merged into the surviving depository...

Last modified: October 22, 2018