Cal. FIN § 4877.06
This is the official text of Cal. FIN § 4877.06, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
Promptly after a sale becomes effective, the seller shall:
(a) Surrender to the commissioner for cancellation the certificate of authority or license issued to it by the commissioner that relates to the California branch business unit sold.
(b) File with the commissioner any report of the sale that the commissioner may require.
(a) Surrender to the commissioner for cancellation the certificate of authority or license issued to it by the commissioner that relates to the California branch business unit sold.
(b) File with the commissioner any report of the sale that the commissioner may require.
Status: in_force · Read it on the official government site
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