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California Financial Code

§ 1670

FIN § 1670 Effective Jan 1, 2012Div. 1.1 · Ch. 19 · Art. 1

Statute text

View on leginfo.ca.gov
In this chapter, unless the context otherwise requires:
(a)“Branch business unit” has the meaning set forth in subdivision (a) of Section 4840.
(b)“Core banking business” means the business of receiving deposits, paying checks, making loans, and other activities that the commissioner may specify by order or regulation. “Core banking business,” when used to describe the trust business, includes receiving fiduciary assets and administering fiduciary accounts.
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Legislative history

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

Source: California Financial Code § 1670 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.