As of the operative date of this section:
(a) The State Banking Fund is converted into a separate account in the Financial Institutions Fund and designated as the State Banking Account.
(b) All moneys and other assets and all liabilities of the State Banking Fund shall be transferred to the State Banking Account.
(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
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