California Financial Code

§ 4945

FIN § 4945 Effective Jan 1, 1997Div. 1.6 · Ch. 5 · Art. 2

Statute text

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.

Legislative history

Amended by Stats. 1996, Ch. 1064, Sec. 537. Effective January 1, 1997. Operative July 1, 1997.