Fin. Code, § 4951 · Article 2. Conversion of Federal Depository Corporation Into California State Depository Corporation
Fin. Code, § 4951
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Promptly after a conversion becomes effective, the resulting depository corporation shall:
(a) Surrender to the regulator of the converting depository corporation for cancellation the certificates of authority or licenses issued to the converting depository corporation by the regulator; and
(b) File with the regulator of the converting depository corporation such report regarding the conversion as the regulator may require.
Notes and commentary — not statutory text
History
Added by Stats. 1982, Ch. 1411, Sec. 3.
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=4951.
- Text hash
- sha256 039f91981b78d24a581e7a60eb368f50c4b433314b719dfd8f5b5c7b0fef3b60
- 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
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.