The commissioner may, in approving an application to organize and establish a corporation to engage in the banking or trust business pursuant to Section 1023, impose any conditions the commissioner deems reasonable or necessary or advisable in the public interest.

(Amended by Stats. 2013, Ch. 334, Sec. 33. (SB 537) Effective January 1, 2014.)

Terms Used In California Financial Code 1026

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
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