Cal. Fin. Code § 1391

Current through the 2024 Legislative Session.

Section 1391 - State bank authorized to act as agent of insured depository

Notwithstanding the provisions of Chapter 4 (commencing with Section 1070), a California state bank may, with the prior approval of the commissioner and subject to any regulations that the commissioner may prescribe, engage in authorized agency activities as agent for an insured depository institution.

Ca. Fin. Code § 1391

Added by Stats 2012 ch 243 (SB 664),s 3, eff. 1/1/2012.