California Financial Code 4944 – A converting depository corporation shall file the following with the …
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A converting depository corporation shall file the following with the commissioner:
(a) The plan of conversion.
Terms Used In California Financial Code 4944
- conversion: means any of the conversions described in Section 4941. See California Financial Code 4940
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) An officer’s certificate certifying that the plan of conversion has been approved as required by federal law.
(c) An application for approval of the conversion.
(Amended by Stats. 1996, Ch. 1064, Sec. 536. Effective January 1, 1997. Operative July 1, 1997.)