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§ 103.202. Merger Requirements.

10 CA ADC § 103.202Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 2. Savings and Loan Commissioner (Refs & Annos)
Subchapter 3. Applications and Hearings
Article 2. Applications and Hearings for Mergers, Consolidations, or Transfers of Property and Assets of Existing Associations
10 CCR § 103.202
§ 103.202. Merger Requirements.
Currentness
(a) A merger will not ordinarily be approved if any of the constituent associations have been incorporated for less than three years.
(b) The surviving association, after giving effect to the merger, shall possess a net worth which is not less than an amount to be determined by the commissioner after consideration of the facts in each case.

Credits

Note: Authority cited: Section 5255, Financial Code. Reference: Sections 9200-9218, Financial Code.
History
1. Change without regulatory effect renumbering former Section 202 to Section 103.202 (Register 87, No. 14). For prior history, see Register 77, No. 11.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 103.202, 10 CA ADC § 103.202
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