California Financial Code

§ 4961.5

FIN § 4961.5 Effective Jan 1, 2014Div. 1.6 · Ch. 5 · Art. 3

Statute text

(a)No provision of Division 1.1 (commencing with Section 1000), except the provisions of Chapter 19 (commencing with Section 1670) of Division 1.1, prohibits or restricts the conversion of a California state bank.

(b)No provision of Division 2 (commencing with Section 5000) prohibits or restricts the conversion of a California state savings and loan association.

(c)No provision of Division 7 (commencing with Section 18000), except the provisions of Chapter 10 (commencing with Section 18660) of Division 7, prohibits or restricts the conversion of a California industrial loan company.

Legislative history

Amended by Stats. 2013, Ch. 334, Sec. 61. (SB 537) Effective January 1, 2014.