California § 4962 - A converting depository corporation shall make a plan of conversion, stating: (1)
Full text of California Public Contract Code - PCC § 4962 — A converting depository corporation shall make a plan of conversion, stating: (1), with citation guidance and answers to common questions.
§ 4962. A converting depository corporation shall make a plan of conversion, stating: (1)
(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.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 4962
What does Public Contract Code - PCC § 4962 cover?
Section 4962 ("A converting depository corporation shall make a plan of conversion, stating: (1)") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 4962?
A common citation format is "Public Contract Code - PCC § 4962" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 4962 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.