Promptly after a merger becomes effective, the surviving depository corporation shall:
(1) Surrender to the commissioner for cancellation the certificates of authority or licenses issued by the commissioner to the disappearing depository corporation; and
(2) File with the commissioner such report of the merger as the commissioner may require.
(Amended by Stats. 1996, Ch. 1064, Sec. 521. Effective January 1, 1997. Operative July 1, 1997.)