Section 4827.3 Of Article 3. Other General Provisions From California Financial Code >> Division 1.6. >> Chapter 1. >> Article 3.
4827.3
. Except as otherwise provided in paragraph (2) of
subdivision (a) of Section 4827.7 in the case of a California
state-licensed foreign (other nation) bank or in federal law in the
case of a federally licensed foreign (other nation) bank, nothing in
this division except subdivision (c) of Section 4879.02 authorizes
any sale or merger in a case where the purchasing or surviving
corporation is a foreign (other nation) bank unless the foreign
(other nation) bank is at the effective time of the sale or merger
licensed under Article 3 (commencing with Section 1800) of Chapter 20
of Division 1.1 or authorized under federal law to transact in this
state the business to be acquired in the sale or merger.