Section 1262 Of Chapter 7. Acquisition Of Control From California Financial Code >> Division 1.1. >> Chapter 7.
1262
. No person shall be entitled to vote or to give a written
consent with respect to any security acquired in contravention of any
provision of this chapter or of any regulation or order of the
commissioner issued pursuant to this chapter for a period of three
years after such acquisition. If a security of a bank or a
controlling person is acquired in contravention of this chapter or
any such regulation or order, such bank, such controlling person, any
shareholder of such bank or such controlling person, or the
commissioner may apply to the superior court for equitable relief,
including costs and (except with respect to the commissioner)
attorney fees, to enjoin prospectively any person from voting or
giving any written consent with respect to such security for a period
of three years after such acquisition, and the commissioner may
apply to the superior court for equitable relief, including costs, to
void any voting or any giving of a written consent with respect to
such security which has occurred since such acquisition.