Section 4961.5 Of Article 3. Conversion Of California State Depository Corporation Into Federal Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 5. >> Article 3.
4961.5
. (a) No provision of Division 1.1 (commencing with Section
1000), except the provisions of Chapter 19 (commencing with Section
1670) of Division 1.1, prohibits or restricts the conversion of a
California state bank.
(b) No provision of Division 2 (commencing with Section 5000)
prohibits or restricts the conversion of a California state savings
and loan association.
(c) No provision of Division 7 (commencing with Section 18000),
except the provisions of Chapter 10 (commencing with Section 18660)
of Division 7, prohibits or restricts the conversion of a California
industrial loan company.