Fin. Code, § 4941 · Article 2. Conversion of Federal Depository Corporation Into California State Depository Corporation
Fin. Code, § 4941
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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.
Notes and commentary — not statutory text
History
Amended by Stats. 1996, Ch. 1064, Sec. 534. Effective January 1, 1997. Operative July 1, 1997.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=4941.
- Text hash
- sha256 edef4dc72cd7370d178c2a7d27f46c064aaa9425dca92953a4c46f14f4b9b76d
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
Provisions in this library whose text cites Fin. Code, § 4941. Each shows the citation as that text prints it.
Financial Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.