Conversion of California State Depository Corporation Into Federal Depository Corporation
Known as the Depository Corporation Sale, Merger, and Conversion Law
The act spans §§ 4800–4966 (181 sections).
Repealed and added by Stats. 1995, Ch. 480, Sec. 194
(a) A California state bank may convert into a national banking association pursuant to this article and federal law.
(b) A California state depository corporation of any class may convert into a federal depository corporation of another class pursuant to this article and federal law.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.