BlackletterCalifornia law

Financial Code § 4877.02

ARTICLE 4. Certain Sales of Partial Business Units

Current as of September 28, 2026Fin. Code, § 4877.02Official source ↗

Added by Stats. 1995, Ch. 480, Sec. 154. Effective October 2, 1995.

A California state bank or a California industrial loan company may sell a California branch business unit to an insured foreign (other state) bank or an insured foreign (other state) industrial loan company pursuant to (1) this article and (2) the law of the domicile of the insured foreign (other state) bank or the insured foreign (other state) industrial loan company.