California Government Code
§ 57605
GOV § 57605 Effective Jan 1, 2020Div. 5 · Title 5
Statute text
View on leginfo.ca.govFor the purposes of Section 1280 of the Financial Code, any person or entity, including a local agency, that owns, controls, or holds an ownership interest in a public bank is not a bank holding company by reason of that ownership interest.
Legislative history
Added by Stats. 2019, Ch. 442, Sec. 16. (AB 857) Effective January 1, 2020.