Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 2 - Savings and Loan CommissionerSubchapter 3 - Applications and Hearings
Article 2 - Applications and Hearings for Mergers, Consolidations, or Transfers of Property and Assets of Existing Associations
Section 103.204 - Merger and Acquisition Agreements

Cal. Code Regs. tit. 10 § 103.204

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 103.204 - Merger and Acquisition Agreements

All agreements by a domestic association involving transactions covered by this subchapter shall contain a condition requiring the prior written approval of the Savings and Loan Commissioner before such merger may be consummated. No agreement shall contain a provision providing for the payment or forfeiture of money or other consideration, except for actual expenses, in the event of the disapproval of the Savings and Loan Commissioner unless such provision has been approved in advance by the Commissioner.

Cal. Code Regs. Tit. 10, § 103.204

1. Change without regulatory effect renumbering former Section 203.1 to Section 103.204 (Register 87, No. 14). For prior history, see Registers 77, No. 11 and 76, No. 18.

Note: Authority cited: Section 5255, Financial Code. Reference: Section 9200- 9218, Financial Code.

1. Change without regulatory effect renumbering former Section 203.1 to Section 103.204 (Register 87, No. 14). For prior history, see Registers 77, No. 11 and 76, No. 18.