Section 4965 Of Article 3. Conversion Of California State Depository Corporation Into Federal Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 5. >> Article 3.
4965
. (a) After a conversion becomes effective, the resulting
depository corporation may issue an officers' certificate, stating
that the converting depository corporation converted into the
resulting depository corporation and specifying the time at which the
conversion became effective.
(b) Any certificate issued pursuant to subdivision (a) shall be
prima facie evidence of the fact of the conversion and of the
regularity of the proceedings taken for the conversion and shall be
conclusive evidence of such matters in favor of any innocent
purchaser or encumbrancer for value.