Section 4879.05 Of Article 5. Other Sales Of Partial Business Units From California Financial Code >> Division 1.6. >> Chapter 3. >> Article 5.
4879.05
. (a) Any amendment to an agreement of sale shall be
approved by the seller and purchaser, as follows:
(1) In the case of a California state depository corporation, by
the board of the corporation, and, if the principal terms of the
agreement of sale were required to be approved by the outstanding
shares of the corporation under Section 4879.04 and if the amendment
changes any of the principal terms of the agreement of sale, by the
outstanding shares of the corporation.
(2) In the case of a depository corporation other than a
California state depository corporation, as required by the law of
the depository corporation's domicile.
(b) If an agreement of sale is amended and if the amendment is
approved as required by subdivision (a), the agreement of sale, as
thus amended, constitutes the agreement of sale.