Section 4945 Of Article 2. Conversion Of Federal Depository Corporation Into California State Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 5. >> Article 2.

. If the commissioner finds all of the factors set forth in Section 4925 with respect to an application for approval of a conversion, the commissioner shall approve the application. If the commissioner finds otherwise, the commissioner shall deny the application for approval of the conversion.