Section 4908.10 Of Article 4. Merger Of California State Independent Trust Company Into Uninsured Foreign (other State) Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 4. >> Article 4.
4908.10
. (a) After a merger becomes effective, the surviving
depository corporation may issue an officers' certificate, stating
that the disappearing depository corporation merged into the
surviving depository corporation and specifying the time at which the
merger became effective.
(b) Any certificate issued pursuant to subdivision (a) shall be
prima facie evidence of the fact of the merger and of the regularity
of the proceedings taken for the merger and shall be conclusive
evidence of the matters in favor of any innocent purchaser or
encumbrancer for value.