Section 4895.05 Of Article 2. Merger Into California State-licensed Foreign (other Nation) Bank From California Financial Code >> Division 1.6. >> Chapter 4. >> Article 2.
4895.05
. (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.