CHAPTER 7. Acquisition of Control [1250. - 1263.]
Chapter 7 added by Stats. 2011, Ch. 243, Sec. 3.
§§ 1250–1263 · 14 sections
- § 1250 Unless the context otherwise requires, in this chapter: (a) “Bank” means a bank organized under the laws of this state. (b) “Control” means possession, direct…
- § 1251 No person shall, directly or indirectly, unless the commissioner has approved such acquisition of control, do any of the following: (a) Make a tender offer…
- § 1252 Notwithstanding any other provision of this chapter, except for those persons approved by the commissioner prior to September 1, 2002, and for those persons…
- § 1253 An application for approval to acquire control of a bank or a controlling person shall be in such form and contain such information as the commissioner may…
- § 1254 If the commissioner finds, with respect to the proposed acquisition of control of a bank or a controlling person, that any of the factors set forth in…
- § 1255 (a) For purposes of Section 1254, the commissioner may find: (1) That the integrity of an acquiring person indicates that it would not be in the interest of…
- § 1256 The commissioner may, in approving a proposal to acquire control of a bank or a controlling person pursuant to Section 1254, impose such conditions as the…
- § 1257 The commissioner may, for good cause, amend, alter, suspend, or revoke any approval of a proposal to acquire control of a bank or a controlling person issued…
- § 1258 Notwithstanding any other provision of this chapter, any application for approval to acquire control of a bank or a controlling person which is not denied or…
- § 1259 (a) The commissioner, before determining whether, for purposes of this chapter, a person controls another person or before denying or approving an application…
- § 1260 There shall be exempted from the provisions of Section 1251 any transaction, including, without limitation, any type or class of transactions, which the…
- § 1261 Whenever it appears to the commissioner that any person has committed or is about to commit a violation of any provision of this chapter or of any regulation…
- § 1262 No person shall be entitled to vote or to give a written consent with respect to any security acquired in contravention of any provision of this chapter or of…
- § 1263 If any provision or clause of this chapter or the application thereof to any person or circumstance is held invalid, illegal, or unenforceable, such…