California Financial Code

§ 1761

FIN § 1761 Effective Jan 1, 2012Div. 1.1 · Ch. 20 · Art. 1

Statute text

(a)No foreign (other nation) bank shall concurrently be licensed to maintain offices of different classes.

(b)Subdivision (a) does not prohibit a foreign (other nation) bank that is licensed to maintain a representative office from being concurrently licensed to maintain an office of a different class or to prohibit a foreign (other nation) bank that is licensed to maintain an office other than a representative office from being concurrently licensed to maintain a representative office.

Legislative history

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