Merger of California State Independent Trust Company into Uninsured Foreign (Other State) Depository Corporation
Known as the Depository Corporation Sale, Merger, and Conversion Law
The act spans §§ 4800–4966 (181 sections).
Amended by Stats. 1996, Ch. 1064, Sec. 521.8
Promptly after a merger becomes effective, the surviving depository corporation shall:
(a) Surrender to the commissioner for cancellation the certificates of authority or licenses issued by the commissioner to the disappearing depository corporation.
(b) File with the commissioner any report regarding the merger that the commissioner may require.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.