You are here: California / Financial Code - FIN / ARTICLE 5. Reorganization [3200. - 3204.] / Section 3202.

Section 3202. (Amended by Stats. 1996, Ch. 1064, Sec. 390.)
Cite as: Cal. Fin. Code §3202.

No plan of reorganization shall become effective until the commissioner finds that the plan is fair and equitable to all depositors, creditors, and stockholders and is in the public interest and until the commissioner approves the same in writing, subject to such conditions, restrictions, and limitations as he or she may prescribe.

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