Section 4853

Fin. Code § 4853, under Sale of Whole Business Unit to California State Depository Corporation or California State-Licensed Foreign (Other Nation) Bank.

Fin. Code § 4853

In case a purchaser is a California state depository corporation, the provisions of Chapter 13 (commencing with Section 1300) of Division 1 of Title 1 of the Corporations Code do not apply to the shareholders of the purchaser in a sale.

(Amended by Stats. 1995, Ch. 480, Sec. 138. Effective October 2, 1995.)