Section 4905 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.
4905
. (a) After a merger becomes effective, the surviving
depository corporation may issue an officer's certificate, stating
that the disappearing depository corporation merged into the
surviving depository corporation and specifying the time at which the
merger became effective.
(b) Any certificate issued pursuant to subdivision (a) shall be
prima facie evidence of the fact of the merger and of the regularity
of the proceedings taken for the merger and shall be conclusive
evidence of the matters in favor of any innocent purchaser or
encumbrancer for value.