DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION 4800-4966›CHAPTER 3. Sale 4840-4879.17›ARTICLE 5. Other Sales of Partial Business Units 4879.01-4879.17

§ 4879.16

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

Promptly after a sale becomes effective, the seller shall:

(a) Surrender to its regulator for cancellation the certificates of authority or licenses issued to it by the regulator that relate to the partial business unit sold.

(b) File with its regulator any report regarding the sale that the regulator may require.

(Added by Stats. 1995, Ch. 480, Sec. 155. Effective October 2, 1995.)

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California Financial Code

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