California Statutes
§ 253. — 253. (Added by Stats. 2011, Ch. 243, Sec. 2.)
California·Code FIN Financial Code - FIN·Div. 1. DIVISION 1. FINANCIAL INSTITUTIONS·Ch. 2. CHAPTER 2. Transition Provisions
In case the board of a subject institution has, prior to January 1, 1979, adopted a resolution levying an assessment on the common shares of such subject institution in accordance with an order issued by the commissioner pursuant to Section 661 of the prior Banking Law:
(a)If the assessment has, prior to January 1, 1979, become a lien on the common shares in accordance with Section 2704 of the prior General Corporation Law,
the assessment shall be collected pursuant to the prior General Corporation Law:
(b)Otherwise, the resolution shall be deemed to be rescinded on January 1, 1979.
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California § 253. (253. (Added by Stats. 2011, Ch. 243, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.