{"code":"FIN","codeName":"Financial Code","section":"4850","citation":"Fin. Code, § 4850","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION [4800. - 4966.]","url":"https://blackletter.si/financial-code/division-1.6"},{"name":"CHAPTER 3. Sale [4840. - 4879.17.]","url":"https://blackletter.si/financial-code/division-1.6/chapter-3"},{"name":"ARTICLE 2. Sale of Whole Business Unit to California State Depository Corporation or California State-Licensed Foreign (Other Nation) Bank [4845. - 4862.]","url":"https://blackletter.si/financial-code/division-1.6/chapter-3/article-2"}],"history":"Amended by Stats. 1995, Ch. 480, Sec. 135.   Effective October 2, 1995.","effective":"1995-10-02","html":"<p>In the case of a seller or purchaser which is a California state depository corporation, any approval of the outstanding shares of the corporation required by Section <a href=\"/fin/4848\">4848</a> or <a href=\"/fin/4849\">4849</a> may be given before or after the approval of the board of the corporation.</p>","text":"In the case of a seller or purchaser which is a California state depository corporation, any approval of the outstanding shares of the corporation required by Section 4848 or 4849 may be given before or after the approval of the board of the corporation.","otherVersions":[],"url":"https://blackletter.si/financial-code/sale-of-whole-business-unit-to-california-state-depository-4850","source":"California Legislative Information bulk export (pubinfo)"}