{"code":"FIN","codeName":"Financial Code","section":"4857","citation":"Fin. Code, § 4857","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. 1996, Ch. 1064, Sec. 493.1.   Effective January 1, 1997.   Operative July 1, 1997.","effective":"1997-01-01","html":"<p>After an application for approval of a sale has been approved and all conditions precedent to the sale have been fulfilled, the commissioner shall approve the agreement of sale and endorse the approval on the original or a copy of the agreement of sale, and at that time the sale shall become effective for all purposes.</p>","text":"After an application for approval of a sale has been approved and all conditions precedent to the sale have been fulfilled, the commissioner shall approve the agreement of sale and endorse the approval on the original or a copy of the agreement of sale, and at that time the sale shall become effective for all purposes.","otherVersions":[],"url":"https://blackletter.si/financial-code/sale-of-whole-business-unit-to-california-state-depository-4857","source":"California Legislative Information bulk export (pubinfo)"}