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Financial Code - FIN - FIN § 4904

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4904

Promptly after a merger becomes effective, the surviving depository corporation shall: (1) Surrender to the commissioner for cancellation the certificates of authority or licenses issued by the commissioner to the disappearing depository corporation; and (2) File with the commiss

Financial Code - FIN - FIN § 4905

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4905

(a) After a merger becomes effective, the surviving depository corporation may issue an officer’s certificate, stating that the disappearing depository corporation merged into the surviving depository corporation and specifying the time at which the merger became effective. (b) A

Financial Code - FIN - FIN § 4908.01

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4908.01

In this article, unless the context otherwise requires, “merger” means any of the mergers described in Section 4908.02.

Financial Code - FIN - FIN § 4908.02

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4908.02

With the approval of the commissioner, a California state independent trust company may merge into an uninsured foreign (other state) state depository corporation pursuant to this article and the law of the surviving depository corporation’s domicile.

Financial Code - FIN - FIN § 4908.03

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4908.03

A merger is subject to the provisions of Section 1108 of the Corporations Code.

Financial Code - FIN - FIN § 4908.04

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4908.04

A disappearing or surviving depository corporation shall file an application for approval of a merger with the commissioner.

Financial Code - FIN - FIN § 4908.05

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4908.05

A merger shall not become effective unless it has been approved by the commissioner.

Financial Code - FIN - FIN § 4908.06

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4908.06

If the commissioner finds all of the following with respect to an application for approval of a merger, the commissioner shall approve the application: (a) That the shareholders’ equity of the surviving depository corporation will be adequate and that the financial condition of t

Financial Code - FIN - FIN § 4908.07

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4908.07

After an application for approval of a merger has been approved and all conditions precedent to the merger have been fulfilled, the commissioner shall approve the merger.

Financial Code - FIN - FIN § 4908.08

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4908.08

A merger shall have the same effect as provided in Section 1107 of the Corporations Code and Section 4889 in the case of a merger of the type defined in Section 4880.

Financial Code - FIN - FIN § 4908.09

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4908.09

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 commissione

Financial Code - FIN - FIN § 4908.10

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4908.10

(a) After a merger becomes effective, the surviving depository corporation may issue an officers’ certificate, stating that the disappearing depository corporation merged into the surviving depository corporation and specifying the time at which the merger became effective. (b) A

Financial Code - FIN - FIN § 4920

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4920

In this article, unless the context otherwise requires, “conversion” means any of the conversions described in Section 4921.

Financial Code - FIN - FIN § 4921

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4921

With the approval of the commissioner, a California state depository corporation of any class may convert into a California state depository corporation of another class pursuant to this article.

Financial Code - FIN - FIN § 4922

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4922

(a) A converting depository corporation shall adopt, and shall file with the commissioner an application for approval of, such amendments to its articles as may be necessary to carry out the conversion. Section 904 of the Corporations Code shall not apply to the amendments. (b) A

Financial Code - FIN - FIN § 4923

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4923

In obtaining the approval of outstanding shares or shareholders required for any amendment to articles or bylaws called for in Section 4922, a converting depository corporation shall provide to its shareholders information as the commissioner may require. In determining the infor

Financial Code - FIN - FIN § 4924

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4924

A converting depository corporation shall file with the commissioner an application for approval of the conversion.

Financial Code - FIN - FIN § 4925

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4925

If the commissioner finds all of the following with respect to an application for approval of a conversion, the commissioner shall approve the application: (a) That the shareholders equity of the resulting depository corporation will be adequate and that the financial condition o

Financial Code - FIN - FIN § 4927

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4927

After an application for approval of a conversion has been approved and all conditions precedent to the conversion have been fulfilled, the commissioner shall approve the amendments to the articles of the converting depository corporation called for in Section 4922, endorse the a

Financial Code - FIN - FIN § 4928

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4928

When a conversion becomes effective, the commissioner shall: (a) (1) In case the resulting depository corporation is a California state bank, issue to the resulting depository corporation a certificate of authority authorizing it to transact commercial banking business or commerc

Financial Code - FIN - FIN § 4929

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4929

Promptly after a conversion becomes effective, the resulting depository corporation shall: (a) Surrender to the commissioner for cancellation the certificates of authority or licenses issued to the converting depository corporation by the commissioner; and (b) File with the commi

Financial Code - FIN - FIN § 4930

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4930

(a) After a conversion becomes effective, the commissioner shall issue, upon application, a certificate under his or her official seal, stating that the converting depository corporation converted into the resulting depository corporation and specifying the time at which the conv

Financial Code - FIN - FIN § 4940

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4940

In this article, unless the context otherwise requires, “conversion” means any of the conversions described in Section 4941.

Financial Code - FIN - FIN § 4941

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4941

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 cla

Financial Code - FIN - FIN § 4942

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 4942

A converting depository corporation shall adopt a plan of conversion pursuant to the provisions of federal law.