California Financial Code

§ 16528

FIN § 16528 Effective Jan 1, 2001Div. 5 · Ch. 12 · Art. 2

Statute text

A foreign (other nation) credit union that is licensed to maintain a representative office may, subject to any regulations that the commissioner may prescribe, engage in representational functions at the office but shall not solicit or accept share accounts or deposits or otherwise transact business at the office.

Legislative history

Added by Stats. 2000, Ch. 612, Sec. 4. Effective January 1, 2001.