For purposes of this division, depository corporations are divided into the following classes:
(a) Banks.
(b) Savings associations.
(c) Industrial loan companies.
Other General Provisions
Known as the Depository Corporation Sale, Merger, and Conversion Law
The act spans §§ 4800–4966 (181 sections).
Applied in 1 court decision — leading case 76 Cal. App. 4th 274 - Cheng v. California Pacific Bank (1999)
Most recently applied in 76 Cal. App. 4th 274 - Cheng v. California Pacific Bank (November 1999)
Added by Stats. 1995, Ch. 480, Sec. 99
For purposes of this division, depository corporations are divided into the following classes:
(a) Banks.
(b) Savings associations.
(c) Industrial loan companies.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.