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Financial Code - FIN - FIN § 4858
Financial Code - FIN - FIN § 4858
When a sale becomes effective: (a) Unless the purchaser provided otherwise in the application for approval of the sale or unless the commissioner provided otherwise in the approval of the application: (1) The purchaser may establish and maintain a branch office at the head office
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Financial Code - FIN - FIN § 4859
Financial Code - FIN - FIN § 4859
When a sale becomes effective: (a) The purchaser shall succeed, without other transfer, to all the rights and property of the seller except any rights and property of the seller which are specifically not sold to the purchasing corporation under the agreement of sale. (b) The pur
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Financial Code - FIN - FIN § 4860
Financial Code - FIN - FIN § 4860
No action on account of any debt or liability assumed by a purchaser in a sale may be commenced against the seller more than one year after the time when the sale becomes effective.
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Financial Code - FIN - FIN § 4861
Financial Code - FIN - FIN § 4861
Promptly after a sale becomes effective: (a) The seller shall: (1) Surrender to the commissioner for cancellation the certificates of authority or licenses issued to it by the commissioner. (2) File with the commissioner any report regarding the sale that the commissioner may req
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Financial Code - FIN - FIN § 4862
Financial Code - FIN - FIN § 4862
(a) After a sale becomes effective, the commissioner shall issue, upon application, a certificate under his or her official seal, stating that the seller sold its whole business unit to the purchaser and specifying the time at which the sale became effective. (b) Any certificate
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Financial Code - FIN - FIN § 4870
Financial Code - FIN - FIN § 4870
In this article, unless the context otherwise requires, “sale” means any of the sales described in Section 4871.
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Financial Code - FIN - FIN § 4871
Financial Code - FIN - FIN § 4871
(a) A California state bank may sell its whole business unit to a national banking association, a California federally licensed foreign (other nation) bank, or an insured foreign (other state) state bank pursuant to (1) this article, (2) in case the purchaser is a national bankin
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Financial Code - FIN - FIN § 4871.5
Financial Code - FIN - FIN § 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
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Financial Code - FIN - FIN § 4872
Financial Code - FIN - FIN § 4872
A sale is subject to the provisions of Sections 4847 to 4850, inclusive, and 4852 as if the sale were a sale of the type defined in Section 4845.
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Financial Code - FIN - FIN § 4873
Financial Code - FIN - FIN § 4873
A sale shall have the same effect as provided in Sections 4859 and 4860 in the case of a sale of the type defined in Section 4845.
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Financial Code - FIN - FIN § 4874
Financial Code - FIN - FIN § 4874
Promptly after a sale becomes effective: (a) The seller shall: (1) Surrender to the commissioner for cancellation the certificates of authority or licenses issued to it by the commissioner. (2) File with the commissioner any report of the sale that the commissioner may require. (
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Financial Code - FIN - FIN § 4875
Financial Code - FIN - FIN § 4875
(a) After a sale becomes effective, the seller or purchaser may issue an officer’s certificate stating that the seller sold its whole business unit to the purchaser and specifying the time at which the sale became effective. (b) Any certificate issued pursuant to subdivision (a)
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Financial Code - FIN - FIN § 4876.01
Financial Code - FIN - FIN § 4876.01
In this article, unless the context otherwise requires, “sale” means any sale described in Section 4876.02.
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Financial Code - FIN - FIN § 4876.02
Financial Code - FIN - FIN § 4876.02
With the approval of the commissioner, a California state independent trust company may sell its whole business unit to an uninsured foreign (other state) state depository corporation pursuant to this article and the law of the purchaser’s domicile.
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Financial Code - FIN - FIN § 4876.03
Financial Code - FIN - FIN § 4876.03
A sale is subject to the provisions of Sections 4847 to 4852 as if the sale were a sale of the type defined in Section 4845.
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Financial Code - FIN - FIN § 4876.04
Financial Code - FIN - FIN § 4876.04
A seller shall file the following with the commissioner: (a) A copy of the agreement of sale. (b) An officers’ certificate of the purchaser, certifying that the agreement of sale has been approved by the purchaser as required by Sections 4848 and 4849. (c) An officers’ certificat
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Financial Code - FIN - FIN § 4876.05
Financial Code - FIN - FIN § 4876.05
If the commissioner finds all of the following with respect to an application for approval of a sale, the commissioner shall approve the application: (a) That the shareholders’ equity of the purchaser will be adequate and that the financial condition of the purchaser will be sati
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Financial Code - FIN - FIN § 4876.06
Financial Code - FIN - FIN § 4876.06
After an application for approval of a sale has been approved and all conditions precedent to the sale have been fulfilled, the commissioner shall approve the agreement of sale and endorse the approval on the original or a copy of the agreement of sale. The sale shall become effe
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Financial Code - FIN - FIN § 4876.07
Financial Code - FIN - FIN § 4876.07
A sale shall have the same effect as provided in Sections 4859 and 4860 in the case of a sale of the type defined in Section 4845.
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Financial Code - FIN - FIN § 4876.08
Financial Code - FIN - FIN § 4876.08
Promptly after a sale becomes effective: (a) The seller shall: (1) Surrender to the commissioner for cancellation the certificates of authority issued to it by the commissioner. (2) File with the commissioner any report of the sale that the commissioner may require. (b) The selle
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Financial Code - FIN - FIN § 4876.09
Financial Code - FIN - FIN § 4876.09
(a) After a sale becomes effective, the seller or purchaser may issue an officers’ certificate stating that the seller sold its whole business unit to the purchaser and specifying the time at which the sale became effective. (b) Any certificate issued pursuant to subdivision (a)
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Financial Code - FIN - FIN § 4877.01
Financial Code - FIN - FIN § 4877.01
In this article, unless the context otherwise requires, “sale” means any of the sales described in Section 4877.02.
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Financial Code - FIN - FIN § 4877.02
Financial Code - FIN - FIN § 4877.02
A California state bank or a California industrial loan company may sell a California branch business unit to an insured foreign (other state) bank or an insured foreign (other state) industrial loan company pursuant to (1) this article and (2) the law of the domicile of the insu
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Financial Code - FIN - FIN § 4877.03
Financial Code - FIN - FIN § 4877.03
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.
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Financial Code - FIN - FIN § 4877.04
Financial Code - FIN - FIN § 4877.04
A sale is subject to the provisions of Sections 4879.03 to 4879.06, inclusive, and Section 4879.08 as if the sale were a sale of the type defined in Section 4879.01.