California § 4908.10. 4908.10. (Added by Stats. 1996, Ch. 887, Sec. 46.)

California Statutes

§ 4908.10. — 4908.10. (Added by Stats. 1996, Ch. 887, Sec. 46.)

California·Code FIN Financial Code - FIN·Div. 1.6. DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION·Ch. 4. CHAPTER 4. Merger·Art. 4. ARTICLE 4. Merger of California State Independent Trust Company into Uninsured Foreign (Other State) Depository Corporation

(a)After a merger becomes effective, the surviving depository corporation may issue an officers’ 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.

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(a)
After a merger becomes effective, the surviving depository corporation may issue an officers’ 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.

California § 4908.10. (4908.10. (Added by Stats. 1996, Ch. 887, Sec. 46.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.