California Financial Code

§ 16501

FIN § 16501 Effective Jan 1, 2002Div. 5 · Ch. 12 · Art. 1

Statute text

In this chapter:

(a)“Agency,” when used with respect to a foreign (other nation) credit union, means an office in this state at which the foreign (other nation) credit union transacts credit union business, other than branch business.

(b)“Branch business” means the business of issuing shares or certificates, receiving deposits, paying checks, making loans, and other activities that the commissioner may specify by order or regulation.

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Legislative history

Amended by Stats. 2001, Ch. 159, Sec. 94. Effective January 1, 2002.