Promptly after a conversion becomes effective, the resulting depository corporation shall:
(a) Surrender to the commissioner for cancellation the certificates of authority or licenses issued to the converting depository corporation by the commissioner; and
(b) File with the commissioner such report regarding the conversion as the commissioner may require.
(Amended by Stats. 1996, Ch. 1064, Sec. 531. Effective January 1, 1997. Operative July 1, 1997.)