reglab/housing_qa huggingface dataset:
CA Fin Code § 4942 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 2 - Conversion of Federal Depository Corporation Into California State Depository Corporation|Section 4942.

4942.  A converting depository corporation shall adopt a plan of conversion pursuant to the provisions of federal law.(Added by Stats. 1982, Ch. 1411, Sec. 3.)
CA Fin Code § 4943 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 2 - Conversion of Federal Depository Corporation Into California State Depository Corporation|Section 4943.

4943.  In obtaining any approval of outstanding shares required for a plan of conversion, a converting depository corporation shall provide to its shareholders information as the commissioner may require. In determining the information to be required, the commissioner shall give due consideration to regulations relating to proxy statements issued under Section 14 of the Securities Exchange Act of 1934 (15 U.S.C. Sec. 78n) by (a) the Securities and Exchange Commission, (b) in the case of a depository corporation that is a bank, the federal bank regulatory agencies, and (c) in the case of a depository corporation that is a savings association, the Office of Thrift Supervision.(Amended by Stats. 1996, Ch. 1064, Sec. 535. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 4944 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 2 - Conversion of Federal Depository Corporation Into California State Depository Corporation|Section 4944.

4944.  A converting depository corporation shall file the following with the commissioner:(a) The plan of conversion.(b) An officer’s certificate certifying that the plan of conversion has been approved as required by federal law.(c) An application for approval of the conversion.(Amended by Stats. 1996, Ch. 1064, Sec. 536. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 4945 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 2 - Conversion of Federal Depository Corporation Into California State Depository Corporation|Section 4945.

4945.  If the commissioner finds all of the factors set forth in Section 4925 with respect to an application for approval of a conversion, the commissioner shall approve the application. If the commissioner finds otherwise, the commissioner shall deny the application for approval of the conversion.(Amended by Stats. 1996, Ch. 1064, Sec. 537. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 4946 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 2 - Conversion of Federal Depository Corporation Into California State Depository Corporation|Section 4946.

4946.  After an application for approval of a conversion has been approved by the commissioner but before the conversion becomes effective, the converting depository corporation shall file with the commissioner an application for approval of the articles of the resulting depository corporation. When the commissioner approves the articles, the commissioner shall endorse the approval on the articles. After the articles are filed with the Secretary of State, the resulting depository corporation shall file with the commissioner a copy of the articles certified by the Secretary of State.(Amended by Stats. 2003, Ch. 404, Sec. 13. Effective January 1, 2004.)
CA Fin Code § 4948 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 2 - Conversion of Federal Depository Corporation Into California State Depository Corporation|Section 4948.

4948.  (a) After an application for approval of a conversion has been approved and all conditions precedent to the conversion have been fulfilled, the commissioner shall:(1) In case the resulting depository corporation is a California state bank, issue to the resulting depository corporation a certificate of authority authorizing it to transact commercial banking business or commercial banking business and trust business, as the case may be.(2) In case the resulting depository corporation is a California state savings association, issue to the resulting depository corporation a license authorizing it to transact business as a California state savings association.(3) In case the resulting depository corporation is a California industrial loan company, issue to the resulting depository corporation a certificate of authority authorizing it to transact business as an industrial loan company.(b) Upon the issuance of the certificate of authority or license pursuant to subdivision (a), the conversion shall become effective for all purposes.(Amended by Stats. 1996, Ch. 1064, Sec. 540. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 4949 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 2 - Conversion of Federal Depository Corporation Into California State Depository Corporation|Section 4949.

4949.  When a conversion becomes effective, the commissioner shall issue to the resulting depository corporation certificates of authority, licenses, or other appropriate authorizations for the branch offices, places of business, extensions of offices, and other facilities, if any, that the converting depository corporation was operating and that the resulting depository corporation is to continue to operate.(Amended by Stats. 1996, Ch. 1064, Sec. 541. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 4950 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 2 - Conversion of Federal Depository Corporation Into California State Depository Corporation|Section 4950.

4950.  When a conversion becomes effective:(a) The converting depository corporation shall cease to exist.(b) The resulting depository corporation shall succeed, without other transfer, to all the rights and property of the converting depository corporation and shall be subject to all the debts and liabilities of the converting depository corporation in the same manner as if the resulting depository corporation had itself incurred them.(c) All rights of creditors of the converting depository corporation and all liens upon the property of the converting depository corporation shall be preserved unimpaired, provided that such liens upon the property of the converting depository corporation shall be limited to the property affected thereby immediately prior to the time when the conversion becomes effective.(d) Any action or proceeding pending by or against the converting depository corporation may be prosecuted to judgment, which shall bind the resulting depository corporation, or the resulting depository corporation may be proceeded against or substituted in place of the converting depository corporation.(e) Any reference to the converting depository corporation in any writing, whether executed or taking effect before or after the conversion, shall be deemed a reference to the resulting depository corporation if not inconsistent with the other provisions of such writing.(f) In case the converting depository corporation was transacting trust business, the resulting depository corporation shall succeed, without further transfer, to the rights, obligations, properties, assets, investments, deposits, demands, agreements, and trusts of the converting depository corporation under all trusts, executorships, administrations, guardianships, agencies, and all other fiduciary or representative capacities to the same extent as if the resulting depository corporation had originally assumed such fiduciary or representative capacities, and the resulting depository corporation shall be entitled to take and execute the appointment to all executorships, trusteeships, guardianships, and other fiduciary or representative capacities to which the converting depository corporation is or may be named in wills, whenever probated, or to which the converting depository corporation is or may be named or appointed by any other instrument.(Added by Stats. 1982, Ch. 1411, Sec. 3.)
CA Fin Code § 4951 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 2 - Conversion of Federal Depository Corporation Into California State Depository Corporation|Section 4951.

4951.  Promptly after a conversion becomes effective, the resulting depository corporation shall:(a) Surrender to the regulator of the converting depository corporation for cancellation the certificates of authority or licenses issued to the converting depository corporation by the regulator; and(b) File with the regulator of the converting depository corporation such report regarding the conversion as the regulator may require.(Added by Stats. 1982, Ch. 1411, Sec. 3.)
CA Fin Code § 4952 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 2 - Conversion of Federal Depository Corporation Into California State Depository Corporation|Section 4952.

4952.  (a) After a conversion becomes effective, the commissioner shall issue, upon application, a certificate under his or her official seal, stating that the converting depository corporation was converted into the resulting depository corporation and specifying the time at which the conversion became effective.(b) Any certificate issued pursuant to subdivision (a) shall be prima facie evidence of the fact of the conversion and of the regularity of the proceedings taken for the conversion and shall be conclusive evidence of such matters in favor of any innocent purchaser or encumbrancer for value.(Amended by Stats. 1996, Ch. 1064, Sec. 543. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 4960 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 3 - Conversion of California State Depository Corporation Into Federal Depository Corporation|Section 4960.

4960.  In this article, unless the context otherwise requires, “conversion” means any of the conversions described in Section 4961.(Amended by Stats. 1995, Ch. 480, Sec. 192. Effective October 2, 1995.)
CA Fin Code § 4961 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 3 - Conversion of California State Depository Corporation Into Federal Depository Corporation|Section 4961.

4961.  (a) A California state bank may convert into a national banking association pursuant to this article and federal law.(b) A California state depository corporation of any class may convert into a federal depository corporation of another class pursuant to this article and federal law.(Repealed and added by Stats. 1995, Ch. 480, Sec. 194. Effective October 2, 1995.)
CA Fin Code § 4961.5 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 3 - Conversion of California State Depository Corporation Into Federal Depository Corporation|Section 4961.5.

4961.5.  (a) No provision of Division 1.1 (commencing with Section 1000), except the provisions of Chapter 19 (commencing with Section 1670) of Division 1.1, prohibits or restricts the conversion of a California state bank.(b) No provision of Division 2 (commencing with Section 5000) prohibits or restricts the conversion of a California state savings and loan association.(c) No provision of Division 7 (commencing with Section 18000), except the provisions of Chapter 10 (commencing with Section 18660) of Division 7, prohibits or restricts the conversion of a California industrial loan company.(Amended by Stats. 2013, Ch. 334, Sec. 61. (SB 537) Effective January 1, 2014.)
CA Fin Code § 4962 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 3 - Conversion of California State Depository Corporation Into Federal Depository Corporation|Section 4962.

4962.  (a) A converting depository corporation shall make a plan of conversion, stating:(1) That the converting depository corporation shall be converted into the resulting depository corporation.(2) Proposed articles of the resulting depository corporation.(3) Manner of converting the securities of the converting depository corporation into securities of the resulting depository corporation.(4) Such other provisions as may be appropriate.(b) (1) The plan of conversion shall be approved by the board of the converting depository corporation, and the principal terms of the plan of conversion shall be approved by the outstanding shares of the converting depository corporation.(2) (A) Any amendment to the plan of conversion shall be approved by the board of the converting depository corporation and, if the amendment changes any of the principal terms of the plan of conversion, by the outstanding shares of the converting depository corporation.(B) If the plan of conversion is amended and if the amendment is approved as required by subparagraph (A), the plan of conversion, as thus amended, shall constitute the plan of conversion.(3) Any approval of the outstanding shares of the converting depository corporation required by this subdivision may be given before or after the approval of the board of the converting depository corporation.(c) The board of the converting depository corporation may, in its discretion and without further approval of the outstanding shares, abandon the conversion at any time before the conversion becomes effective.(Added by Stats. 1982, Ch. 1411, Sec. 3.)
CA Fin Code § 4963 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 3 - Conversion of California State Depository Corporation Into Federal Depository Corporation|Section 4963.

4963.  A conversion shall have the same effect as provided in Section 4950 in the case of a conversion of the type defined in Section 4940.(Amended by Stats. 1995, Ch. 480, Sec. 197. Effective October 2, 1995.)
CA Fin Code § 4964 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 3 - Conversion of California State Depository Corporation Into Federal Depository Corporation|Section 4964.

4964.  Promptly after a conversion becomes effective, the resulting depository corporation shall:(a) Surrender to the commissioner for cancellation the certificates of authority or licenses issued by the commissioner to the converting depository corporation; and(b) File with the commissioner such report of the conversion as the commissioner may require.(Amended by Stats. 1996, Ch. 1064, Sec. 544. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 4965 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 3 - Conversion of California State Depository Corporation Into Federal Depository Corporation|Section 4965.

4965.  (a) After a conversion becomes effective, the resulting depository corporation may issue an officers’ certificate, stating that the converting depository corporation converted into the resulting depository corporation and specifying the time at which the conversion became effective.(b) Any certificate issued pursuant to subdivision (a) shall be prima facie evidence of the fact of the conversion and of the regularity of the proceedings taken for the conversion and shall be conclusive evidence of such matters in favor of any innocent purchaser or encumbrancer for value.(Added by Stats. 1982, Ch. 1411, Sec. 3.)
CA Fin Code § 4966 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.6 - DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION|CHAPTER 5 - Conversion|ARTICLE 3 - Conversion of California State Depository Corporation Into Federal Depository Corporation|Section 4966.

4966.  (a) Within 60 days after a conversion, the resulting depository corporation shall file with the Secretary of State an officers’ certificate reciting the name of the converting depository corporation, the name of the resulting depository corporation, the effective date of the conversion, and that the conversion has been completed in compliance with the provisions of federal law. The Secretary of State shall enter the fact of the conversion on the Secretary of State’s corporation records for the converting depository corporation, and the converting depository corporation shall thereafter not be deemed to be a corporation organized under the laws of this state.(b) As to any conversion, whenever effected, if an officers’ certificate has not been filed pursuant to subdivision (a) within 60 days after the completion of the conversion, the commissioner may file a report with the Secretary of State setting forth, to the extent the commissioner has knowledge he or she considers reliable, the recitals specified in subdivision (a), and the Secretary of State shall record the fact of the conversion with the same effect as provided in subdivision (a).(Amended by Stats. 1996, Ch. 1064, Sec. 545. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 5000 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 1 - Short Title, General Definitions, and General Provisions|ARTICLE 1 - Short Title|Section 5000.

5000.  This division may be cited as the “Savings Association Law.”(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5100 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 1 - Short Title, General Definitions, and General Provisions|ARTICLE 2 - General Definitions|Section 5100.

5100.  When used in this division, the words and phrases set forth in this article shall have the meanings given in this article unless the context requires another meaning.(Added by Stats. 1983, Ch. 1091, Sec. 2.)
CA Fin Code § 5100.2 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 1 - Short Title, General Definitions, and General Provisions|ARTICLE 2 - General Definitions|Section 5100.2.

5100.2.  For purposes of this division:(a) Any reference to regulations of the federal Office of the Comptroller of the Currency or the Federal Deposit Insurance Corporation shall also be deemed to include and refer to regulations adopted by the Federal Home Loan Bank Board or the Federal Savings and Loan Insurance Corporation, to the extent these regulations have been continued in effect and made enforceable by the Office of the Comptroller of the Currency or Federal Deposit Insurance Corporation, respectively, pursuant to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (Public Law 101-73).(b) Any reference to charters issued by the Office of the Comptroller of the Currency shall also be deemed to include and refer to charters issued by the Federal Home Loan Bank Board.(Amended by Stats. 2016, Ch. 277, Sec. 9. (AB 2907) Effective January 1, 2017.)
CA Fin Code § 5100.5 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 1 - Short Title, General Definitions, and General Provisions|ARTICLE 2 - General Definitions|Section 5100.5.

5100.5.  “Affiliated person” of a savings association means the following:(a) A director, officer, or controlling person of the savings association.(b) A spouse of a director, officer, controlling person of the savings association.(c) A member of the immediate family of a director, officer, or controlling person of the savings association, who has the same home as that person or who is a director or officer of any subsidiary of the savings association or of any holding company affiliate of the savings association.(d) Any corporation or organization other than the savings association or a corporation or organization through which the savings association operates, of which a director, officer or controlling person of the savings association meets any of the following criteria:(1) Is chief executive officer, chief financial officer, or a person performing similar functions.(2) Is a general partner.(3) Is a limited partner who, directly or indirectly either alone or with his spouse and the members of his immediate family who are also affiliated persons of the savings association, owns an interest of 10 percent or more in the partnership (based on the value of his contribution) or who, directly or indirectly with other directors, officers, and controlling persons of the savings association and their spouses and their immediate family members who are also affiliated persons of the savings association owns an interest of 25 percent or more in the partnership.(4) Directly or indirectly either alone or with his or her spouse and the members of his or her immediate family who are also affiliated persons of the savings association, owns or controls 10 percent or more of any class of equity securities or owns or controls, with other directors, officers, and controlling persons of the savings association and their spouses and their immediate family members who are also affiliated persons of the savings association, 25 percent or more of any class of equity securities.(e) Any trust or other estate in which a director, officer, or controlling person of the savings association or the spouse of the person has a substantial beneficial interest or as to which the person or his or her spouse serves as trustee or in a similar fiduciary capacity.(Repealed and added by Stats. 1990, Ch. 1118, Sec. 3.)
CA Fin Code § 5100.6 (2021)
2021 California Code|Financial Code - FIN|DIVISION 2 - SAVINGS ASSOCIATION LAW|CHAPTER 1 - Short Title, General Definitions, and General Provisions|ARTICLE 2 - General Definitions|Section 5100.6.

5100.6.  “Affiliate” of a savings association, unless otherwise defined, includes any corporation, business trust, unincorporated association or other similar organization which meets the criteria of subdivision (a), (b), or (c), as follows:(a) The savings association directly or indirectly, owns or controls either a majority of the voting shares or more than 50 per centum of the number of shares voted for the election of its directors, trustees, or other persons exercising similar functions at the preceding election, or controls in any manner the election of a majority of its directors, trustees, or other persons exercising similar functions.(b) Control thereof is held, directly or indirectly through stock ownership or in any other manner, by the shareholders of a savings association who own or control either a majority of the shares of the savings association or more than 50 per centum of the number of shares voted for the election of directors of that savings association at the preceding election, or by trustees for the benefit of the shareholders of any savings association.(c) A majority of its directors, trustees, or other persons exercising similar functions are directors of any one savings association.(Added by Stats. 1990, Ch. 1118, Sec. 4.)