Section 4895.02 Of Article 2. Merger Into California State-licensed Foreign (other Nation) Bank From California Financial Code >> Division 1.6. >> Chapter 4. >> Article 2.
4895.02
. 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.