Statute · California Financial Code
Cal. Fin. Code § 4877.06 — Certain Sales of Partial Business Units
Cal. Fin. Code § 4877.06
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Promptly after a sale becomes effective, the seller shall:
Citator
Cal. Fin. Code § 4877.06 — Certain Sales of Partial Business Units is in force in the current edition of the Code, and nothing recorded condemns it.
Promptly after a sale becomes effective, the seller shall:
(a) Surrender to the commissioner for cancellation the certificate of authority or license issued to it by the commissioner that relates to the California branch business unit sold.
(b) File with the commissioner any report of the sale that the commissioner may require.