§ 4884 Merger Application By Survivor

Financial Code·California

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Key Takeaways

•If two banks merge, the one that stays must ask for permission.
•They have to send a request to the person in charge (the commissioner).
•This rule started in 1997.

Example

Bank A and Bank B decide to become one bank, keeping only Bank A.

Bank A must fill out a form and send it to the commissioner to get approval for the merger.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 4884 Merger Application By Survivor

A surviving depository corporation shall file with the commissioner an application for approval of the merger. (Amended by Stats. 1996, Ch. 1064, Sec. 512. Effective January 1, 1997. Operative July 1, 1997.)

Last verified: January 23, 2026

Key Terms

corporation commission merger application operative july

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 4884.

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Key Takeaways

Example

Key Terms

Related Statutes

References