California Financial Code

§ 1550

FIN § 1550 Effective Jan 1, 2012Div. 1.1 · Ch. 16 · Art. 1

Statute text

No corporation shall engage in the trust business unless:

(a)Its articles comply with the requirements of subdivision (b), (d), or (e) of Section 1100; and

(b)It has received from the commissioner a certificate of authority pursuant to Section 1042 to engage in the trust business, or, if it is a bank, has received the authorization of the commissioner to engage in the trust business; and

…

Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.