Section 4888 Of Article 1. Merger Into California State Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 4. >> Article 1.
4888
. When a merger becomes effective:
(a) Unless the surviving depository corporation provided otherwise
in the application for approval of the merger or unless the
commissioner provided otherwise in the approval of the application:
(1) The surviving depository corporation may establish and
maintain a branch office at the head office of the disappearing
depository corporation and may establish and maintain equivalent
offices at the branch offices, places of business, extensions of
offices, and other facilities, if any, of the disappearing
corporation.
(2) If the disappearing depository corporation was authorized to
transact and was transacting trust business, the surviving depository
corporation, if it is a California state bank or savings
association, may transact trust business.
(b) The commissioner shall issue to the surviving depository
corporation certificates of authority, licenses, and other
authorizations as may be necessary to carry out the provisions of
subdivision (a).