California Financial Code

§ 1783

FIN § 1783 Effective Jan 1, 2012Div. 1.1 · Ch. 20 · Art. 2

Statute text

A foreign (other nation) bank 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 deposits or otherwise transact business at the office.

Legislative history

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