California Financial Code 4805.11 – “Insured,” when used with respect to a depository corporation, means …
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“Insured,” when used with respect to a depository corporation, means a depository corporation the deposits of which are insured by the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act (12 U.S.C. § 1811 et seq.).
(Added by Stats. 1995, Ch. 480, Sec. 97. Effective October 2, 1995.)
Terms Used In California Financial Code 4805.11
- 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.