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California Financial Code

§ 355

FIN § 355 Effective Jan 1, 2023Div. 1 · Ch. 3 · Art. 3

Statute text

View on leginfo.ca.gov
The Commissioner of Financial Protection and Innovation, the Senior Deputy Commissioner of the Division of Financial Institutions, or any deputy or employee of the Division of Financial Institutions shall not do or be any of the following with respect to any bank, savings association, credit union, or industrial loan company supervised by the department:
(a)Be indebted, directly or indirectly, as borrower, endorser, surety, or guarantor to any such bank, savings association, credit union, or industrial loan company.
(b)Be an officer, director, or employee of any such bank, savings association, credit union, or industrial loan company.
…

Legislative history

Amended by Stats. 2022, Ch. 452, Sec. 100. (SB 1498) Effective January 1, 2023.

Source: California Financial Code § 355 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.