California Corporations Code

§ 2601

CORP § 2601 Effective Jan 1, 2023Div. 1.5 · Title 1 · Ch. 2

Statute text

(a)The Secretary of State shall not file articles setting forth a name in which “bank,” “trust,” “trustee,” or related words appear, unless the certificate of approval of the Commissioner of Financial Protection and Innovation is attached to the articles. This subdivision does not apply to the articles of any social purpose corporation subject to the Banking Law on which is endorsed the approval of the Commissioner of Financial Protection and Innovation.

(b)(1) The name of a social purpose corporation shall not be a name that the Secretary of State determines is likely to mislead the public and shall be distinguishable in the records of the Secretary of State from all of the following:

(A)The name of any corporation.

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Legislative history

Amended by Stats. 2022, Ch. 617, Sec. 41. (SB 1202) Effective January 1, 2023.