§ 4895.02
110 words·~1 min read·
/ca/financial-code/4895-02A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
With the approval of the commissioner:
(a)A California depository corporation may merge into a California state-licensed foreign (other nation) bank pursuant to
(1)this article,
(2)in case the disappearing depository corporation is a federal depository corporation, federal law, and
(3)the law of the foreign bank’s domicile.
(b)A foreign (other state) depository corporation that has a branch office in this state may merge into a California state-licensed foreign (other nation) bank pursuant to
(1)this article,
(2)in case the disappearing depository corporation is a federal depository corporation, federal law, and
(3)the laws of the domiciles of the disappearing depository corporation and of the foreign bank.