California § 4876.06. 4876.06. (Amended by Stats. 1996, Ch. 1064, Sec. 497.5.)

California Statutes

§ 4876.06. — 4876.06. (Amended by Stats. 1996, Ch. 1064, Sec. 497.5.)

California § 4876.06.

Code FINFinancial Code - FIN

Div. 1.6.DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION

Ch. 3.CHAPTER 3. Sale

Art. 3.5.ARTICLE 3.5. Sale of Whole Business Unit of California State Independent Trust Company to Uninsured Foreign (Other State) State Depository Corporation

This text of California § 4876.06. (4876.06. (Amended by Stats. 1996, Ch. 1064, Sec. 497.5.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 4876.06. (2026).

Text

After an application for approval of a sale has been approved and all conditions precedent to the sale have been fulfilled, the commissioner shall approve the agreement of sale and endorse the approval on the original or a copy of the agreement of sale. The sale shall become effective for all purposes at that time except that, if the law of the purchaser’s domicile provides for the sale to become effective at a later time, it shall become effective at the later time.

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After an application for approval of a sale has been approved and all conditions precedent to the sale have been fulfilled, the commissioner shall approve the agreement of sale and endorse the approval on the original or a copy of the agreement of sale. The sale shall become effective for all purposes at that time except that, if the law of the purchaser’s domicile provides for the sale to become effective at a later time, it shall become effective at the later time.