§ 4843. — 4843. (Amended by Stats. 2003, Ch. 404, Sec. 9.)

California § 4843.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 1.6.: DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION
• Ch. 3.: CHAPTER 3. Sale
• Art. 1.: ARTICLE 1. General Provisions

Text

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.

Legislative History

Amended by Stats. 2003, Ch. 404, Sec. 9. Effective January 1, 2004.