California Financial Code

§ 1083

FIN § 1083 Effective Jan 1, 2017Div. 1.1 · Ch. 4

Statute text

(a)A bank may participate in a financial education program that involves receiving deposits or paying withdrawals on the premises of, or at a facility used by, a school. The school premises or facility will not be considered a branch office of the bank, as that term is defined in Section 1070 of the Financial Code, if all of the following conditions are met:

(1)The bank does not establish and operate the school premises or facility in which the program is conducted.

(2)Bank employees work at the site only to participate in the program.

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Legislative history

Added by Stats. 2016, Ch. 180, Sec. 1. (AB 1784) Effective January 1, 2017.