California Financial Code 107 – “Commercial bank” means a corporation organized for the purpose of …
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“Commercial bank” means a corporation organized for the purpose of engaging in the commercial banking business.
(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
Terms Used In California Financial Code 107
- 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.