California Financial Code

§ 4848

FIN § 4848 Effective Oct 2, 1995Div. 1.6 · Ch. 3 · Art. 2

Statute text

The agreement of sale shall be approved by the seller and purchaser, as follows:

(a)In the case of a California state depository corporation:

(1)If the sale constitutes a reorganization, as defined in Section 181 of the Corporations Code, the agreement of sale shall be approved as required by Chapter 12 (commencing with Section 1200) of Division 1 of Title 1 of the Corporations Code.

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Legislative history

Amended by Stats. 1995, Ch. 480, Sec. 133. Effective October 2, 1995.