California § 4879.13. 4879.13. (Added by renumbering Section 4879.135 by Stats. 2003, Ch. 404, Sec. 12.)

California Statutes

§ 4879.13. — 4879.13. (Added by renumbering Section 4879.135 by Stats. 2003, Ch. 404, Sec. 12.)

California § 4879.13.

JurisdictionCalifornia

Code FINFinancial Code - FIN

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

Ch. 3.CHAPTER 3. Sale

Art. 5.ARTICLE 5. Other Sales of Partial Business Units

This text of California § 4879.13. (4879.13. (Added by renumbering Section 4879.135 by Stats. 2003, Ch. 404, Sec. 12.)) 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 § 4879.13. (2026).

Text

In case a seller is a California state commercial bank and sells all of its trust business in a sale:

(a)As of the time when the sale becomes effective, the commissioner shall issue to the seller certificates of authority authorizing it to transact commercial banking business in replacement of the certificates of authority that the seller is required to surrender pursuant to subdivision (b).

(b)Promptly after the sale becomes effective, the seller shall surrender to the commissioner for cancellation its certificates of authority authorizing it to transact commercial banking business and trust business.

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In case a seller is a California state commercial bank and sells all of its trust business in a sale:
(a)
As of the time when the sale becomes effective, the commissioner shall issue to the seller certificates of authority authorizing it to transact commercial banking business in replacement of the certificates of authority that the seller is required to surrender pursuant to subdivision (b).
(b)
Promptly after the
sale becomes effective, the seller shall surrender to the commissioner for cancellation its certificates of authority authorizing it to transact commercial banking business and trust business.