Cal. Fin. Code § 4878.02

Current through the 2023 Legislative Session.

Section 4878.02 - Authority to sell partial trust business

With the approval of the commissioner, a California state bank or savings association may sell a partial trust business unit to an uninsured foreign (other state) state depository corporation pursuant to (a) this article and (b) the law of the purchaser's domicile.

Ca. Fin. Code § 4878.02

Amended by Stats. 1996, Ch. 1064, Sec. 499.3. Effective January 1, 1997. Operative July 1, 1997.