Cal. Fin. Code § 4876.02

Current through the 2023 Legislative Session.

Section 4876.02 - Authority to sell whole business unit

With the approval of the commissioner, a California state independent trust company may sell its whole business unit to an uninsured foreign (other state) state depository corporation pursuant to this article and the law of the purchaser's domicile.

Ca. Fin. Code § 4876.02

Amended by Stats. 1996, Ch. 1064, Sec. 497.2. Effective January 1, 1997. Operative July 1, 1997.