California Financial Code 4877.03 – No provision of Division 1.1 (commencing with Section 1000), except …
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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.
(Amended by Stats. 2013, Ch. 334, Sec. 59. (SB 537) Effective January 1, 2014.)
Terms Used In California Financial Code 4877.03
- sale: means any of the sales described in Section 4877. See California Financial Code 4877.01
- Seller: means a depository corporation that sells a business unit to another depository corporation pursuant to the provisions of this chapter. See California Financial Code 4840