Section 16077 Of Article 5. Relocation Or Discontinuance Of California Branch Office Or California Facility From California Financial Code >> Division 5. >> Chapter 11. >> Article 5.

. Promptly after a foreign (other state) credit union relocates or discontinues a California branch office or California facility pursuant to this article, the foreign (other state) credit union shall surrender to the commissioner the license which authorized the foreign (other state) credit union to maintain the California branch office or California facility at the old or discontinued site.