Section 4826.5 Of Article 3. Other General Provisions From California Financial Code >> Division 1.6. >> Chapter 1. >> Article 3.
4826.5
. Notwithstanding any other provision of this division:
(a) The provisions of Chapter 19 (commencing with Section 1670) of
Division 1.1 apply to any transaction that is subject to this
division. Whenever any provision of Chapter 19 (commencing with
Section 1670) of Division 1.1 or of any regulation or order issued
under Chapter 19 (commencing with Section 1670) of Division 1.1 is
inconsistent with any provision of this division or of any regulation
or order issued under this division, the provision of Chapter 19
(commencing with Section 1670) of Division 1.1 or of the regulation
or order issued under Chapter 19 (commencing with Section 1670) of
Division 1.1 applies, and the provision or this division or of the
regulation or order issued under this division does not apply.
(b) Nothing in this division authorizes any sale or merger in a
case where the purchasing or surviving depository corporation is a
foreign depository corporation if the sale or merger is prohibited by
Chapter 19 (commencing with Section 1670) of Division 1.1.
(c) Nothing in this division constitutes an election by this state
under federal law to prohibit or permit interstate sales or mergers
between banks or industrial loan companies.