California Financial Code ARTICLE 3 - Conversion of California State Depository Corporation Into Federal Depository Corporation

• Section 4960.
  In this article, unless the context otherwise requires, “conversion” means any of the conversions described in Section 4961.(Amended by Stats. 1995, Ch. 480, Sec. 192....
• Section 4961.
  (a) A California state bank may convert into a national banking association pursuant to this article and federal law.(b) A California state depository corporation of any class...
• Section 4961.5.
  (a) No provision of Division 1.1 (commencing with Section 1000), except the provisions of Chapter 19 (commencing with Section 1670) of Division 1.1, prohibits or restricts...
• Section 4962.
  (a) A converting depository corporation shall make a plan of conversion, stating:(1) That the converting depository corporation shall be converted into the resulting depository corporation.(2) Proposed articles of...
• Section 4963.
  A conversion shall have the same effect as provided in Section 4950 in the case of a conversion of the type defined in Section 4940.(Amended...
• Section 4964.
  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 by the...
• Section 4965.
  (a) After a conversion becomes effective, the resulting depository corporation may issue an officers’ certificate, stating that the converting depository corporation converted into the resulting depository...
• Section 4966.
  (a) Within 60 days after a conversion, the resulting depository corporation shall file with the Secretary of State an officers’ certificate reciting the name of the...

Last modified: October 22, 2018