In case the disappearing depository corporation is a California state depository corporation, a merger is subject to the provisions of § 1108 of the Corporations Code.

(Added by Stats. 1995, Ch. 480, Sec. 164. Effective October 2, 1995.)

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Terms Used In California Financial Code 4895.03

  • 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.
  • merger: means any of the mergers described in Section 4895. See California Financial Code 4895.01