California Financial Code ARTICLE 1 - Conversion of California State Depository Corporation Into California State Depository Corporation

• Section 4920.
  In this article, unless the context otherwise requires, “conversion” means any of the conversions described in Section 4921.(Amended by Stats. 1996, Ch. 1064, Sec. 522....
• Section 4921.
  With the approval of the commissioner, a California state depository corporation of any class may convert into a California state depository corporation of another class...
• Section 4922.
  (a) A converting depository corporation shall adopt, and shall file with the commissioner an application for approval of, such amendments to its articles as may be...
• Section 4923.
  In obtaining the approval of outstanding shares or shareholders required for any amendment to articles or bylaws called for in Section 4922, a converting depository...
• Section 4924.
  A converting depository corporation shall file with the commissioner an application for approval of the conversion.(Amended by Stats. 1996, Ch. 1064, Sec. 526. Effective January...
• Section 4925.
  If the commissioner finds all of the following with respect to an application for approval of a conversion, the commissioner shall approve the application:(a) That the...
• Section 4927.
  After an application for approval of a conversion has been approved and all conditions precedent to the conversion have been fulfilled, the commissioner shall approve...
• Section 4928.
  When a conversion becomes effective, the commissioner shall:(a) (1) In case the resulting depository corporation is a California state bank, issue to the resulting depository corporation a...
• Section 4929.
  Promptly after a conversion becomes effective, the resulting depository corporation shall:(a) Surrender to the commissioner for cancellation the certificates of authority or licenses issued to the...
• Section 4930.
  (a) After a conversion becomes effective, the commissioner shall issue, upon application, a certificate under his or her official seal, stating that the converting depository corporation...

Last modified: October 22, 2018