§ 4965 Conversion Certificate Evidence

Financial Code·California

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Key Takeaways

•After a bank changes its form (like from one type to another), it can write a paper saying it happened and when.
•This paper is proof that the change was done right and is official.
•If someone buys something from the bank or lends it money, they can trust this paper as proof.

Example

A small local bank changes from a savings bank to a regular bank.

The bank writes a paper saying it changed and when. If you lend money to the bank after this, you can trust that paper as proof the change was real and legal.

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

Official Source

View on CA.gov

§ 4965 Conversion Certificate Evidence

(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. (Added by Stats. 1982, Ch. 1411, Sec. 3.)

Last verified: January 23, 2026

Key Terms

corporation conversion property encumbrance document evidence regularity

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 4965.

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Key Takeaways

Example

Key Terms

Related Statutes

References