Conversion of Federal Depository Corporation Into California 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. 534
With the approval of the commissioner:
(a) A national banking association may convert into a California state bank pursuant to this article and federal law.
(b) A federal depository corporation of any class may convert into a California state depository corporation of another class pursuant to federal law and this article.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.