§ 4843 Bank Trust Business Sales

Financial Code·California

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Key Takeaways

•If a big bank sells part of its business in this state to another big bank, the sale has to follow certain rules.
•The sale must be treated like other similar sales under state law.
•The sale must also follow the rules in another section of the law (Section 4842).

Example

Bank A wants to sell some of its branches in California to Bank B.

Bank A and Bank B have to follow the rules in this law when they make the sale. This means they have to do things like tell the right people about the sale and make sure everything is fair.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 4843 Bank Trust Business Sales

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. (Amended by Stats. 2003, Ch. 404, Sec. 9. Effective January 1, 2004.)

Last verified: January 23, 2026

Key Terms

association fine

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 4843.

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Example

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Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

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