California Financial Code 4942 – A converting depository corporation shall adopt a plan of conversion …
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A converting depository corporation shall adopt a plan of conversion pursuant to the provisions of federal law.
(Added by Stats. 1982, Ch. 1411, Sec. 3.)
Terms Used In California Financial Code 4942
- 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.