Financial Code - FIN
DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION [4800 - 4966]
( Heading of Division 1.6 renumbered from Division 1.5 by Stats. 2011, Ch. 243, Sec. 8. ) CHAPTER 3. Sale [4840 - 4879.17]
( Chapter 3 added by Stats. 1982, Ch. 1411, Sec. 3. ) ARTICLE 1. General Provisions [4840 - 4843]
( Article 1 added by Stats. 1982, Ch. 1411, Sec. 3. ) 4843.
In case a national banking association or federal savings association that is authorized to transact trust business in this state sells a partial business unit located in this state of the type described in paragraph (1) or subparagraph (A) or (B) of paragraph (2) of subdivision (e) of Section 4840 to a national banking association or federal savings association pursuant to federal law, the sale shall:
(a) Have the same effect as provided in subdivision (e) of Section 4879.14 in the case of a sale
of the type defined in Section 4879.01.
(b) Be subject to the provisions of Section 4842.
(Amended by Stats. 2003, Ch. 404, Sec. 9. Effective January 1, 2004.)