Section 4879.07 Of Article 5. Other Sales Of Partial Business Units From California Financial Code >> Division 1.6. >> Chapter 3. >> Article 5.
4879.07
. In obtaining any approval of outstanding shares required
for an agreement of sale, a purchaser or seller that is a California
state depository corporation and, in any case where the purchaser is
a California state depository corporation that is to issue securities
in consideration of the sale, the seller shall each provide to its
shareholders information as the commissioner may require. In
determining the information to be required, the commissioner shall
give due consideration to regulations relating to proxy statements
issued under Section 14 of the Securities Exchange Act of 1934 (15
U.S.C. Sec. 78n) by (a) the Securities and Exchange Commission, (b)
in the case of a depository corporation that is a bank, the federal
bank regulatory agencies, and (c) in the case of a depository
corporation that is a savings association, the Office of Thrift
Supervision.