Cal. Financial Code § 253
Cal. Financial Code § 253
California · California Financial Code · Status: effective · Effective 2012-01-01
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- Citation
- Cal. Financial Code § 253, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/812704
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Full text
In case the board of a subject institution has, prior to January 1, 1979, adopted a resolution levying an assessment on the common shares of such subject institution in accordance with an order issued by the commissioner pursuant to Section 661 of the prior Banking Law:
(a) If the assessment has, prior to January 1, 1979, become a lien on the common shares in accordance with Section 2704 of the prior General Corporation Law, the assessment shall be collected pursuant to the prior General Corporation Law:
(b) Otherwise, the resolution shall be deemed to be rescinded on January 1, 1979.