California Financial Code

§ 8054

FIN § 8054 Effective Jan 1, 1996Div. 2 · Ch. 7 · Art. 3

Statute text

(a)Notwithstanding any other provision of law, whenever by statute or regulation there is extended to federal associations doing business in this state any right, power, privilege, or duty not authorized for state associations, the commissioner may by regulation extend to state associations that right, power, privilege, or duty.

(b)Any regulation adopted under this section shall expire at 12 p.m. on December 31 of the year following the calendar year in which it is promulgated.

(c)For the purposes of Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code regulations adopted under this section are subject only to the provisions of Sections 11343.4, 11346.1, and 11349.6 of the Government Code.

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Legislative history

Amended by Stats. 1995, Ch. 938, Sec. 9.2. Effective January 1, 1996.