Form DBO-330 "Notice of Merger - Credit Unions" - California

What Is Form DBO-330?

This is a legal form that was released by the California Department of Business Oversight - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on October 1, 2017;
  • The latest edition provided by the California Department of Business Oversight;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;

Download a fillable version of Form DBO-330 by clicking the link below or browse more documents and templates provided by the California Department of Business Oversight.

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Download Form DBO-330 "Notice of Merger - Credit Unions" - California

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STATE OF CALIFORNIA – DEPARTMENT OF BUSINESS OVERSIGHT
NOTICE OF MERGER – CREDIT UNIONS
DBO-330 (Rev. 10-17)
XYZ CREDIT UNION
IMPORTANT NOTICE TO MEMBERS OF
____________________________________CREDIT UNION
California Financial Code Section 15201(b) provides that the board of directors may apply to
the Commissioner of Business Oversight for approval of a merger in accordance with a plan
of merger approved by a majority of the board of directors of each credit union that is a party
to the merger, even though less than a majority of the outstanding members of a
disappearing credit union has voted to approve the merger. In order to approve a merger in
such a case, the Commissioner must find, upon the written and verified application filed by
the board of directors, that: (1) notice of the meeting called to consider the merger, or the
ballot for written vote on the merger, was mailed to each member entitled to vote on the
merger; (2) the notice or ballot disclosed the purpose of the meeting or the written vote; (3)
the notice or ballot informed the membership that approval of the merger might be sought
pursuant to Financial Code Section 15201(b); and (4) a majority of the votes cast were in
favor of the merger.
This notice is to advise you that the purpose of the membership meeting scheduled for
__________________________(date) is to vote on the question of whether this credit union
should merge with and into _________________________________________Credit Union.
Further, this is to advise you that the board of directors will make an application under
Financial Code Section 15201(b) for approval of the merger in the event that a majority of all
members of this credit union do not vote to approve the merger, in person or by proxy at the
meeting, or by ballot.
This sample form of notice is required by Financial Code Section 15201(b). This sample is
provided only as an illustration. Refer to the requirements of Financial Code Sections 15200,
et seq. and Corporations Code Sections 8010, et seq.
Note: In submitting this Notice, please omit the Department of Business Oversight form
header and use the business letterhead, as appropriate.
STATE OF CALIFORNIA – DEPARTMENT OF BUSINESS OVERSIGHT
NOTICE OF MERGER – CREDIT UNIONS
DBO-330 (Rev. 10-17)
XYZ CREDIT UNION
IMPORTANT NOTICE TO MEMBERS OF
____________________________________CREDIT UNION
California Financial Code Section 15201(b) provides that the board of directors may apply to
the Commissioner of Business Oversight for approval of a merger in accordance with a plan
of merger approved by a majority of the board of directors of each credit union that is a party
to the merger, even though less than a majority of the outstanding members of a
disappearing credit union has voted to approve the merger. In order to approve a merger in
such a case, the Commissioner must find, upon the written and verified application filed by
the board of directors, that: (1) notice of the meeting called to consider the merger, or the
ballot for written vote on the merger, was mailed to each member entitled to vote on the
merger; (2) the notice or ballot disclosed the purpose of the meeting or the written vote; (3)
the notice or ballot informed the membership that approval of the merger might be sought
pursuant to Financial Code Section 15201(b); and (4) a majority of the votes cast were in
favor of the merger.
This notice is to advise you that the purpose of the membership meeting scheduled for
__________________________(date) is to vote on the question of whether this credit union
should merge with and into _________________________________________Credit Union.
Further, this is to advise you that the board of directors will make an application under
Financial Code Section 15201(b) for approval of the merger in the event that a majority of all
members of this credit union do not vote to approve the merger, in person or by proxy at the
meeting, or by ballot.
This sample form of notice is required by Financial Code Section 15201(b). This sample is
provided only as an illustration. Refer to the requirements of Financial Code Sections 15200,
et seq. and Corporations Code Sections 8010, et seq.
Note: In submitting this Notice, please omit the Department of Business Oversight form
header and use the business letterhead, as appropriate.