California · Financial Code
FIN §4843: In case a national banking association or federal savings association that is authorized to transact trust business in this state sells a partial business unit located in this state of the type descri
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In case a national banking association or federal savings association that is authorized to transact trust business in this state sells a partial business unit located in this state of the type described in paragraph (1) or subparagraph (A) or (B) of paragraph (2) of subdivision (e) of Section 4840 to a national banking association or federal savings association pursuant to federal law, the sale shall: (a) Have the same effect as provided in subdivision (e) of Section 4879.14 in the case of a sale of the type defined in Section 4879.01. (b) Be subject to the provisions of Section 4842.
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