Section 4876.02 Of Article 3.5. Sale Of Whole Business Unit Of California State Independent Trust Company To Uninsured Foreign (other State) State Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 3. >> Article 3.5.
4876.02
. With the approval of the commissioner, a California state
independent trust company may sell its whole business unit to an
uninsured foreign (other state) state depository corporation pursuant
to this article and the law of the purchaser's domicile.