California § 4879.12 - When a sale becomes effective, in case the purchaser is a California state deposi
Full text of California Public Contract Code - PCC § 4879.12 — When a sale becomes effective, in case the purchaser is a California state deposi, with citation guidance and answers to common questions.
§ 4879.12. When a sale becomes effective, in case the purchaser is a California state deposi
When a sale becomes effective, in case the purchaser is a California state depository corporation or California state-licensed foreign (other nation) bank: (a) Unless the purchaser provided otherwise in the application for approval of the sale or unless the commissioner provided otherwise in the approval of the application: (1) The purchaser may establish equivalent offices at any branch offices, places of business, extensions of offices, and other facilities of the seller transferred in the sale. (2) If the seller was authorized to transact trust business and if the partial business unit sold includes any trust business, the purchaser, if it is a California state bank or savings association, may transact trust business. (b) The commissioner shall issue to the purchaser certificates of authority, licenses, and other authorizations as may be necessary to carry out the provisions of subdivision (a).
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 4879.12
What does Public Contract Code - PCC § 4879.12 cover?
Section 4879.12 ("When a sale becomes effective, in case the purchaser is a California state deposi") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 4879.12?
A common citation format is "Public Contract Code - PCC § 4879.12" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 4879.12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.