California Financial Code

§ 4828.7

FIN § 4828.7 Effective Jan 1, 1997Div. 1.6 · Ch. 1 · Art. 3

Statute text

(a)The definitions in Section 4840 apply to this section.

(b)In case a California state-licensed foreign (other nation) bank sells all or substantially all of its business in this state to another California state-licensed or federally licensed foreign (other nation) bank as part of the sale of a larger partial business unit or the whole business unit of the seller:

(1)No provision of Chapter 3 (commencing with Section 4840) applies except as follows:

…

Legislative history

Amended by Stats. 1996, Ch. 1064, Sec. 477.1. Effective January 1, 1997. Operative July 1, 1997.