§ 4843
101 words·~1 min read·
/ca/financial-code/4843A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In case a national banking association or federal savings association that is authorized to transact trust business in this state sells a partial business unit located in this state of the type described in paragraph
(1)or subparagraph
(A)or
(B)of paragraph
(2)of subdivision
(e)of Section 4840 to a national banking association or federal savings association pursuant to federal law, the sale shall:
(a)Have the same effect as provided in subdivision
(e)of Section 4879.14 in the case of a sale of the type defined in Section 4879.01.
(b)Be subject to the provisions of Section 4842.