ARTICLE 5. Other Sales of Partial Business Units [4879.01. - 4879.17.]
Article 5 added by Stats. 1995, Ch. 480, Sec. 155.
§§ 4879.01–4879.17 · 17 sections
- § 4879.01 In this article, unless the context otherwise requires, “sale” means any of the sales described in Section 4879.02.
- § 4879.02 With the approval of the commissioner: (a) A bank may sell a partial business unit to a California state bank pursuant to (1) this article, (2) in case the…
- § 4879.03 A seller and purchaser shall make an agreement of sale, providing: (a) That the seller shall sell to the purchaser, and the purchaser shall purchase from the…
- § 4879.04 The agreement of sale shall be approved by the seller and purchaser, as follows: (a) In the case of a California state depository corporation: (1) If, as of…
- § 4879.05 (a) Any amendment to an agreement of sale shall be approved by the seller and purchaser, as follows: (1) In the case of a California state depository…
- § 4879.06 In the case of a seller or purchaser that is a California state depository corporation, any approval of the outstanding shares of the corporation required by…
- § 4879.07 In obtaining any approval of outstanding shares required for an agreement of sale, a purchaser or seller that is a California state depository corporation and,…
- § 4879.08 A purchaser or seller that is a California state depository corporation, with the approval or its board and without further approval of the outstanding shares,…
- § 4879.09 A purchaser or seller that is a California state depository corporation or California state-licensed foreign (other nation) bank, shall file the following with…
- § 4879.10 (a) In case the purchaser is either, and the seller is not either, a California state depository corporation or California state-licensed foreign (other…
- § 4879.11 After an application for approval of a sale has been approved by the commissioner and all conditions precedent to the sale have been fulfilled, the…
- § 4879.12 When a sale becomes effective, in case the purchaser is a California state depository corporation or California state-licensed foreign (other nation) bank: (a)…
- § 4879.13 In case a seller is a California state commercial bank and sells all of its trust business in a sale: (a) As of the time when the sale becomes effective, the…
- § 4879.14 When a sale becomes effective: (a) The purchaser shall succeed, without other transfer, to all rights and property of the seller which are sold to the…
- § 4879.15 No action on account of any debt or liability assumed by a purchaser in a sale may be commenced against the seller more than one year after the time when the…
- § 4879.16 Promptly after a sale becomes effective, the seller shall: (a) Surrender to its regulator for cancellation the certificates of authority or licenses issued to…
- § 4879.17 (a) After a sale becomes effective, the commissioner shall issue, upon application, a certificate under his or her official seal, stating that the seller sold…