Cal. Fin. Code § 4843

Current through the 2024 Legislative Session.

Section 4843 - Sale of partial business unit located in state

In case a national banking association or federal savings association that is authorized to transact trust business in this state sells a partial business unit located in this state of the type described in paragraph (1) or subparagraph (A) or (B) of paragraph (2) of subdivision (e) of Section 4840 to a national banking association or federal savings association pursuant to federal law, the sale shall:

(a) Have the same effect as provided in subdivision (e) of Section 4879.14 in the case of a sale of the type defined in Section 4879.01.

(b) Be subject to the provisions of Section 4842.

Ca. Fin. Code § 4843

Amended by Stats 2003 ch 404 (AB 1774),s 9, eff. 1/1/2004.