With the approval of the commissioner:
(a) A national banking association may convert into a California state bank pursuant to this article and federal law.
(b) A federal depository corporation of any class may convert into a California state depository corporation of another class pursuant to federal law and this article.
(Amended by Stats. 1996, Ch. 1064, Sec. 534. Effective January 1, 1997. Operative July 1, 1997.)
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