§ 4881
184 words·~1 min read·
/ca/financial-code/4881A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)With the approval of the commissioner, a bank may merge into a California state bank pursuant to
(1)this article,
(2)in case the disappearing bank is a national banking association or a California federally licensed foreign (other nation) bank, federal law, and
(3)in case the disappearing bank is a foreign bank, the law of the foreign bank’s domicile.
(b)With the approval of the commissioner, an industrial loan company may merge into a California industrial loan company pursuant to
(1)this article and
(2)in case the disappearing industrial loan company is a foreign (other state) industrial loan company, the law of the foreign industrial loan company’s domicile.
(c)With the approval of the commissioner, a depository corporation of any class may merge into a California state depository corporation of another class pursuant to
(1)this article,
(2)in case the disappearing depository corporation is a federal depository corporation or a California federally licensed foreign (other nation) bank, federal law, and
(3)in case the disappearing depository corporation is a foreign depository corporation, the law of the disappearing depository corporation’s domicile.