California § 10002. 10002. (Added by renumbering Section 10001 by Stats. 1987, Ch. 1162, Sec. 18.)

California Statutes

§ 10002. — 10002. (Added by renumbering Section 10001 by Stats. 1987, Ch. 1162, Sec. 18.)

California § 10002.

Code FINFinancial Code - FIN

Div. 2.DIVISION 2. SAVINGS ASSOCIATION LAW

Ch. 10.CHAPTER 10. Foreign (National) Savings Companies

This text of California § 10002. (10002. (Added by renumbering Section 10001 by Stats. 1987, Ch. 1162, Sec. 18.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 10002. (2026).

Text

Notwithstanding Section 10001, and subject to Section 10003, on and after January 1, 1991, a foreign savings association may conduct the business of an association in California or may acquire control of a California savings association, and a foreign holding company may acquire control of a California savings association; provided that, if the commissioner determines that the laws, court decisions, or practices of the jurisdiction under which the foreign savings association is incorporated or, in the case of a foreign holding company, the holding company’s principal place of deposits, would operate to prohibit, restrict,
  condition, or otherwise limit a California savings association from conducting the business of, or acquiring control of, a savings association in the relevant jurisdict

Free access — add to your briefcase to read the full text and ask questions with AI

Notwithstanding Section 10001, and subject to Section 10003, on and after January 1, 1991, a foreign savings association may conduct the business of an association in California or may acquire control of a California savings association, and a foreign holding company may acquire control of a California savings association; provided that, if the commissioner determines that the laws, court decisions, or practices of the jurisdiction under which the foreign savings association is incorporated or, in the case of a foreign holding company, the holding company’s principal place of deposits, would operate to prohibit, restrict,
condition, or otherwise limit a California savings association from conducting the business of, or acquiring control of, a savings association in the relevant jurisdiction pursuant to the laws, court decisions, or practices of that jurisdiction, a similar prohibition, restriction, condition, or limitation to be prescribed by regulation or order of the commissioner shall apply in California to the foreign savings association or foreign holding company.

Legislative History

Added by renumbering Section 10001 by Stats. 1987, Ch. 1162, Sec. 18. Effective September 26, 1987. Section operative January 1, 1991, pursuant to Section 10009.