§ 4905. — 4905. (Amended by Stats. 1995, Ch. 480, Sec. 173.)

California § 4905.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 1.6.: DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION
• Ch. 4.: CHAPTER 4. Merger
• Art. 3.: ARTICLE 3. Merger Into Federal Depository Corporation, California Federally Licensed Foreign (Other Nation) Bank, or Insured Foreign (Other State) State Depository Corporation

Text

(a)
After a merger becomes effective, the surviving depository corporation may issue an officer’s certificate, stating that the disappearing depository corporation merged into the surviving depository corporation and specifying the time at which the merger became effective.
(b)
Any certificate issued pursuant to subdivision (a) shall be prima facie evidence of the fact of the merger and of the regularity of the proceedings taken for the merger and shall be conclusive
evidence of the matters in favor of any innocent purchaser or encumbrancer for value.

Legislative History

Amended by Stats. 1995, Ch. 480, Sec. 173. Effective October 2, 1995.