California Financial Code 4895.05 – (a) A merger shall not become effective unless it has been …
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(a) A merger shall not become effective unless it has been approved by the commissioner.
(b) After an application for approval of a merger has been approved and all conditions precedent to the merger have been fulfilled, the commissioner shall approve the merger.
Terms Used In California Financial Code 4895.05
- merger: means any of the mergers described in Section 4895. See California Financial Code 4895.01
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
(Amended by Stats. 1996, Ch. 1064, Sec. 520.1. Effective January 1, 1997. Operative July 1, 1997.)