California Financial Code

§ 4852

FIN § 4852 Effective Oct 2, 1995Div. 1.6 · Ch. 3 · Art. 2

Statute text

A purchaser or seller that is a California state depository corporation, with the approval of its board and without further approval of the outstanding shares, may, and any other purchaser or seller, with approval as may be required under the law of its domicile, may, abandon the sale at any time before the sale becomes effective, subject to the contractual rights, if any, of other parties, including the seller or purchaser, as the case may be.

Legislative history

Amended by Stats. 1995, Ch. 480, Sec. 137. Effective October 2, 1995.