California Financial Code ARTICLE 1 - Merger

• Section 15200.
  Any credit union may, with the approval of the commissioner, merge with another credit union or with a central credit union.(Amended by Stats. 1984, Ch....
• Section 15201.
  (a) The merger shall be made pursuant to any plan agreed upon by the majority of the board of directors of each credit union joining in...
• Section 15202.
  (a) After the requirement of approval as provided in Section 15201 is satisfied, each credit union shall execute a certificate of merger as an officers’ certificate...
• Section 15203.
  Each certificate of merger called for in Section 15202 shall be filed in the office of the Secretary of State. After the filing in the...
• Section 15204.
  (a) Upon any merger effectuated as provided in this article, all property, property rights, and interests of the merged credit union shall vest in the surviving...

Last modified: October 22, 2018