California Financial Code

§ 16001

FIN § 16001 Effective Jan 1, 2001Div. 5 · Ch. 11 · Art. 1

Statute text

In this chapter:

(a)“Branch business” means the business of issuing share accounts, certificates for funds, and share drafts, receiving deposits, paying checks, making loans and other obligations, and other activities that the commissioner may specify by order or regulation.

(b)“California branch office,” when used with respect to a foreign (other state) credit union, means an office in this state at which the foreign (other state) credit union engages in branch business.

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Legislative history

Added by Stats. 2000, Ch. 612, Sec. 3. Effective January 1, 2001.