A foreign savings association may surrender a certificate of authority only with the approval of the Commissioner, and only after any conditions imposed by the Commissioner have been satisfied.

Note: Authority cited: Sections 8053 and 10012, Financial Code. Reference: Section 10012, Financial Code.

History

1. New section filed 7-1-87; operative 7-1-87 pursuant to Government Code Section 11346.2(d) (Register 87, No. 28).