Section 4879.11 Of Article 5. Other Sales Of Partial Business Units From California Financial Code >> Division 1.6. >> Chapter 3. >> Article 5.
4879.11
. After an application for approval of a sale has been
approved by the commissioner and all conditions precedent to the sale
have been fulfilled, the commissioner shall approve the agreement of
sale and endorse the approval on the original or a copy of the
agreement of sale, and at that time the sale shall become effective
for all purposes.