Section 4805.05 Of Article 2. Definitions From California Financial Code >> Division 1.6. >> Chapter 1. >> Article 2.
4805.05
. "California state-licensed foreign (other nation) bank,"
when used with respect to a sale or merger, means a foreign (other
nation) bank that is licensed under Article 3 (commencing with
Section 1800) of Chapter 20 of Division 1.1 to maintain an agency or
branch office in this state immediately before the effective time of
the sale or merger in case it is the selling or disappearing
corporation or at the effective time of the sale or merger in case it
is the purchasing or surviving corporation.