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§ 4871.5 — California Law | CourtGPT
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  5. Division 1.6 - Depository Corporations—sale, Merger, and Conversion/
  6. Chapter 3 - Sale/
  7. Article 3 - Sale of Whole Business Unit to Federal Depository Corporation, California Federally Licensed Foreign (Other Nation) Bank, or Insured Foreign (Other State) State Depository Corporation/
  8. § 4871.5
California Legal Code

§ 4871.5

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4871.5. (a) No provision of Division 1.1 (commencing with Section 1000), except the provisions of Chapter 19 (commencing with Section 1670) of Division 1.1, prohibits or restricts a sale in a case where the seller is a California state bank or a California industrial loan company.(b) No provision of Division 2 (commencing with Section 5000) prohibits or restricts a sale in a case where the seller is a California state savings and loan association.(Amended by Stats. 2013, Ch. 334, Sec. 58. (SB 537) Effective January 1, 2014.)