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Section 4941 Of Article 2. Conversion Of Federal Depository Corporation Into California State Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 5. >> Article 2.

4941
. With the approval of the commissioner:
  (a) A national banking association may convert into a California state bank pursuant to this article and federal law.
  (b) A federal depository corporation of any class may convert into a California state depository corporation of another class pursuant to federal law and this article.