Ca_Law

statute | California

Financial Code - FIN - FIN § 4952

  • UIDca_leginfo_codes:fin-4952
  • CitationFinancial Code - FIN - FIN § 4952
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(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 was converted into the resulting depository corporation and specifying the time at which the

Text

(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 was converted into the resulting depository corporation and specifying the time at which the conversion became effective.
(b)
Any certificate issued pursuant to subdivision (a) shall be prima facie evidence of the fact of the conversion and of the regularity of the proceedings taken for the
conversion and shall be conclusive evidence of such matters in favor of any innocent purchaser or encumbrancer for value.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 4952

    (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 was converted into the resulting depository corporation and specifying the time at which the conversion became effective. (b) Any…