Statute · California Financial Code
Cal. Fin. Code § 4852 — Sale of Whole Business Unit to California State Depository Corporation or California State-Licensed Foreign (Other Nation) Bank
Cal. Fin. Code § 4852
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1995-10-02
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A purchaser or seller that is a California state depository corporation, with the approval of its board and without further approval of the outstanding shares, may, and any other purchaser or seller, with approval as may be required under the law of its domicile, may, abandon the sale at any…
Citator
Cal. Fin. Code § 4852 — Sale of Whole Business Unit to California State Depository Corporation or California State-Licensed Foreign (Other Nation) Bank is in force in the current edition of the Code, and nothing recorded condemns it.
A purchaser or seller that is a California state depository corporation, with the approval of its board and without further approval of the outstanding shares, may, and any other purchaser or seller, with approval as may be required under the law of its domicile, may, abandon the sale at any time before the sale becomes effective, subject to the contractual rights, if any, of other parties, including the seller or purchaser, as the case may be.