Section 4901 Of Article 3. Merger Into Federal Depository Corporation, California Federally Licensed Foreign (other Nation) Bank, Or Insured Foreign (other State) State Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 4. >> Article 3.
4901
. (a) A California state bank may merge into a national banking
association, a California federally licensed foreign (other nation)
bank, or an insured foreign (other state) state bank pursuant to (1)
this article, (2) in case the surviving bank is a national banking
association or a California federally licensed foreign (other nation)
bank, federal law, and (3) in case the surviving bank is a
California federally licensed foreign (other nation) bank or an
insured foreign (other state) state bank, the law of the foreign bank'
s domicile.
(b) A California industrial loan company may merge into an insured
foreign (other state) industrial loan company pursuant to (1) this
article and (2) the law of the foreign industrial loan company's
domicile.
(c) A California state depository corporation of any class may
merge into a federal depository corporation of another class, a
California federally licensed foreign (other nation) bank, or an
insured foreign (other state) state depository corporation of another
class pursuant to (1) this article, (2) in case the surviving
depository corporation is a federal depository corporation or a
California federally licensed foreign (other nation) bank, federal
law, and (3) in case the surviving depository corporation is a
California federally licensed foreign (other nation) bank or an
insured foreign (other state) state depository corporation, the law
of the domicile of the foreign bank or foreign depository
corporation.