Section 4966 Of Article 3. Conversion Of California State Depository Corporation Into Federal Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 5. >> Article 3.
4966
. (a) Within 60 days after a conversion, the resulting
depository corporation shall file with the Secretary of State an
officers' certificate reciting the name of the converting depository
corporation, the name of the resulting depository corporation, the
effective date of the conversion, and that the conversion has been
completed in compliance with the provisions of federal law. The
Secretary of State shall enter the fact of the conversion on the
Secretary of State's corporation records for the converting
depository corporation, and the converting depository corporation
shall thereafter not be deemed to be a corporation organized under
the laws of this state.
(b) As to any conversion, whenever effected, if an officers'
certificate has not been filed pursuant to subdivision (a) within 60
days after the completion of the conversion, the commissioner may
file a report with the Secretary of State setting forth, to the
extent the commissioner has knowledge he or she considers reliable,
the recitals specified in subdivision (a), and the Secretary of State
shall record the fact of the conversion with the same effect as
provided in subdivision (a).