Section 4941 Of Article 2. Conversion Of Federal Depository Corporation Into California State Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 5. >> Article 2.
4941
. With the approval of the commissioner:
(a) A national banking association may convert into a California
state bank pursuant to this article and federal law.
(b) A federal depository corporation of any class may convert into
a California state depository corporation of another class pursuant
to federal law and this article.