California Financial Code CHAPTER 7 - Acquisition of Control

• Section 1250.
  Unless the context otherwise requires, in this chapter:(a) “Bank” means a bank organized under the laws of this state.(b) “Control” means possession, direct or indirect, of the...
• Section 1251.
  No person shall, directly or indirectly, unless the commissioner has approved such acquisition of control, do any of the following:(a) Make a tender offer for, a...
• Section 1252.
  Notwithstanding any other provision of this chapter, except for those persons approved by the commissioner prior to September 1, 2002, and for those persons who...
• Section 1253.
  An application for approval to acquire control of a bank or a controlling person shall be in such form and contain such information as the...
• Section 1254.
  If the commissioner finds, with respect to the proposed acquisition of control of a bank or a controlling person, that any of the factors set...
• Section 1255.
  (a) For purposes of Section 1254, the commissioner may find:(1) That the integrity of an acquiring person indicates that it would not be in the interest of...
• Section 1256.
  The commissioner may, in approving a proposal to acquire control of a bank or a controlling person pursuant to Section 1254, impose such conditions as...
• Section 1257.
  The commissioner may, for good cause, amend, alter, suspend, or revoke any approval of a proposal to acquire control of a bank or a controlling...
• Section 1258.
  Notwithstanding any other provision of this chapter, any application for approval to acquire control of a bank or a controlling person which is not denied...
• Section 1259.
  (a) The commissioner, before determining whether, for purposes of this chapter, a person controls another person or before denying or approving an application for approval to...
• Section 1260.
  There shall be exempted from the provisions of Section 1251 any transaction, including, without limitation, any type or class of transactions, which the commissioner by...
• Section 1261.
  Whenever it appears to the commissioner that any person has committed or is about to commit a violation of any provision of this chapter or...
• Section 1262.
  No person shall be entitled to vote or to give a written consent with respect to any security acquired in contravention of any provision of...
• Section 1263.
  If any provision or clause of this chapter or the application thereof to any person or circumstance is held invalid, illegal, or unenforceable, such invalidity,...

Last modified: October 22, 2018