California Financial Code 1801 – No foreign (other nation) bank shall be licensed to maintain any …
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No foreign (other nation) bank shall be licensed to maintain any agency or branch office unless it is qualified to transact intrastate business in this state under Chapter 21 (commencing with Section 2100) of Division 1 of Title 1 of the Corporations Code.
(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
Terms Used In California Financial Code 1801
- Agency: means a depositary agency or a nondepositary agency. See California Financial Code 1750
- Branch office: means a limited branch office, a retail branch office, or a wholesale branch office. See California Financial Code 1750
- Business in this state: when used with respect to a foreign (other nation) bank which is licensed to maintain one or more agencies or branch offices, includes (without limitation) the aggregate business of all the offices. See California Financial Code 1750
- licensed: means to be issued or to hold a license. See California Financial Code 1750