BlackletterCalifornia law

Financial Code § 4850

ARTICLE 2. Sale of Whole Business Unit to California State Depository Corporation or California State-Licensed Foreign (Other Nation) Bank

Current as of September 28, 2026Fin. Code, § 4850Official source ↗

Amended by Stats. 1995, Ch. 480, Sec. 135. Effective October 2, 1995.

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.