California Statutes
§ 253. — 253. (Added by Stats. 2011, Ch. 243, Sec. 2.)
California § 253.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.DIVISION 1. FINANCIAL INSTITUTIONS
Ch. 2.CHAPTER 2. Transition Provisions
This text of California § 253. (253. (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 § 253. (2026).
Text
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(b)Otherwise, the resolution shall be deemed to be rescinded on January 1, 1979.
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Legislative History
Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.
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Bluebook (online)
California § 253., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/253..