California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION |
Chapter 3. Sale |
ARTICLE 4. Certain Sales of Partial Business Units |
Section 4877.02.
Latest version.
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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 an insured foreign (other state) industrial loan company pursuant to (1) this article and (2) the law of the domicile of the insured foreign (other state) bank or the insured foreign (other state) industrial loan company.
(Added by Stats. 1995, Ch. 480, Sec. 154. Effective October 2, 1995.)