§ 1660 Bank Control Exemptions

• •The chapter is skipped for bank control deals that need commissioner approval under Chapter 7.
• •The chapter is also skipped for bank sales or mergers that need commissioner approval under Division 1.6.
• •All other transactions are still subject to the chapter’s rules.

A company wants to buy a California state bank and must get the commissioner’s okay before the purchase.

Because the purchase needs the commissioner’s approval, the rules in this chapter don’t apply to that deal.