Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 1.1.: DIVISION 1.1. BANKING/Ch. 10.: CHAPTER 10. Restrictions and Prohibited Practices/Art. 1.: ARTICLE 1. General Provisions/§ 1340.
California Statutes

§ 1340. — 1340. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1340.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.1.DIVISION 1.1. BANKING
Ch. 10.CHAPTER 10. Restrictions and Prohibited Practices
Art. 1.ARTICLE 1. General Provisions

This text of California § 1340. (1340. (Added by Stats. 2011, Ch. 243, Sec. 3.)) 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 § 1340. (2026).

Text

Unless specifically authorized by law or by the commissioner, a bank shall not become, act as, or in any other manner assume the duties or liabilities of, a general partner. For purposes of this section, “general partner” has the meaning set forth in subdivision (m) of Section 15901.02 of the Corporations Code.

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Legislative History

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
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California § 1340., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1340..