Section 4878.02 Of Article 4.5. Sale Of Partial Trust Business Unit By California State Bank Or Savings Association To Uninsured Foreign (other State) State Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 3. >> Article 4.5.
4878.02
. With the approval of the commissioner, a California state
bank or savings association may sell a partial trust business unit to
an uninsured foreign (other state) state depository corporation
pursuant to (a) this article and (b) the law of the purchaser's
domicile.