California Financial Code ARTICLE 4 - Certain Sales of Partial Business Units
- Section 4877.01.
In this article, unless the context otherwise requires, “sale” means any of the sales described in Section 4877.02.(Amended by Stats. 1996, Ch. 1064, Sec. 498....
- Section 4877.02.
A California state bank or a California industrial loan company may sell a California branch business unit to an insured foreign (other state) bank or...
- Section 4877.03.
No provision of Division 1.1 (commencing with Section 1000), except the provisions of Chapter 19 (commencing with Section 1670) of Division 1.1, prohibits or restricts...
- Section 4877.04.
A sale is subject to the provisions of Sections 4879.03 to 4879.06, inclusive, and Section 4879.08 as if the sale were a sale of the...
- Section 4877.05.
A sale shall have the same effect as provided in Sections 4879.14 and 4879.15 in the case of a sale of the type defined in...
- Section 4877.06.
Promptly after a sale becomes effective, the seller shall:(a) Surrender to the commissioner for cancellation the certificate of authority or license issued to it by the...
- Section 4877.07.
(a) After a sale becomes effective, the seller or purchaser may issue an officer’s certificate stating that the seller sold a California branch business unit to...
Last modified: October 22, 2018