Section 4871.5 Of Article 3. Sale Of Whole Business Unit To Federal Depository Corporation, California Federally Licensed Foreign (other Nation) Bank, Or Insured Foreign (other State) State Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 3. >> Article 3.
4871.5
. (a) No provision of Division 1.1 (commencing with Section
1000), except the provisions of Chapter 19 (commencing with Section
1670) of Division 1.1, prohibits or restricts a sale in a case where
the seller is a California state bank or a California industrial loan
company.
(b) No provision of Division 2 (commencing with Section 5000)
prohibits or restricts a sale in a case where the seller is a
California state savings and loan association.