§ 4877.01 In this article, unless the context otherwise requires, “sale” means …
§ 4877.02 A California state bank or a California industrial loan company may …
§ 4877.03 No provision of Division 1.1 (commencing with Section 1000), except …
§ 4877.04 A sale is subject to the provisions of Sections 4879.03 to 4879.06, …
§ 4877.05 A sale shall have the same effect as provided in Sections 4879.14 and …
§ 4877.06 Promptly after a sale becomes effective, the seller …
§ 4877.07 (a) After a sale becomes effective, the seller or purchaser may …

Terms Used In California Codes > Financial Code > Division 1.6 > Chapter 3 > Article 4 - Certain Sales of Partial Business Units

  • Branch business unit: means all or substantially all of the business of a branch office of a depository corporation. See California Financial Code 4840
  • Business unit: means a branch business unit, a partial business unit, or a whole business unit. See California Financial Code 4840
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Purchaser: means a depository corporation that purchases a business unit from another depository corporation pursuant to the provisions of this chapter. See California Financial Code 4840
  • sale: means any of the sales described in Section 4877. See California Financial Code 4877.01
  • Seller: means a depository corporation that sells a business unit to another depository corporation pursuant to the provisions of this chapter. See California Financial Code 4840