California § 251. 251. (Added by Stats. 2011, Ch. 243, Sec. 2.)

California Statutes

§ 251. — 251. (Added by Stats. 2011, Ch. 243, Sec. 2.)

California § 251.

Code FINFinancial Code - FIN

Div. 1.DIVISION 1. FINANCIAL INSTITUTIONS

Ch. 2.CHAPTER 2. Transition Provisions

This text of California § 251. (251. (Added by Stats. 2011, Ch. 243, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 251. (2026).

Text

For purposes of Chapter 23 (commencing with Section 2300) of the new General Corporation Law, in the case of any subject institution existing on January 1, 1979:

(a)The term “new law” shall mean the new General Corporation Law, subject, however, to the provisions of Section 101 of the revised Banking Law.

(b)The term “prior law” shall mean the prior General Corporation Law, subject, however, to the provisions of Section 101 of the prior Banking Law.

(c)The term “effective date” shall mean January 1, 1979.

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For purposes of Chapter 23 (commencing with Section 2300) of the new General Corporation Law, in the case of any subject institution existing on January 1, 1979:
(a)
The term “new law” shall mean the new General Corporation Law, subject, however, to the provisions of Section 101 of the revised Banking Law.
(b)
The term “prior law” shall mean the prior General
Corporation Law, subject, however, to the provisions of Section 101 of the prior Banking Law.
(c)
The term “effective date” shall mean January 1, 1979.

Legislative History

Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.

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California § 251., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/251..