California Financial Code 4805.12 – “Law of the domicile” means:(a) When used with respect to a …
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“Law of the domicile” means:
(a) When used with respect to a federal depository corporation, the law of the United States.
Terms Used In California Financial Code 4805.12
- 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.
(b) When used with respect to a state depository corporation, the law of the state of the United States under which the depository corporation is organized.
(c) When used with respect to a foreign (other nation) bank, the law of the foreign nation under which the bank is organized.
(Added by Stats. 1995, Ch. 480, Sec. 97. Effective October 2, 1995.)