A California state depository corporation may merge with a corporation or other business entity that is not a depository corporation if the California state depository corporation is the surviving corporation of that merger. The merger of a corporation or other business entity with and into a California state depository corporation shall be effected in accordance with Division 1 (commencing with Section 100) of the Corporations Code.
Cal. Fin. Code § 4825
Other General Provisions
Known as the Depository Corporation Sale, Merger, and Conversion Law
The act spans §§ 4800 to 4966 (181 sections).
Repealed and added by Stats. 2008, Ch. 501, Sec. 22
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.