California Statutes
§ 1387. — 1387. (Added by Stats. 2011, Ch. 243, Sec. 3.)
California·Code FIN Financial Code - FIN·Div. 1.1. DIVISION 1.1. BANKING·Ch. 11. CHAPTER 11. Agency Activities·Art. 2. ARTICLE 2. California State Bank as Principal
In determining whether to approve or deny an application by a California state bank for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following:
(a)Whether the proposed agency arrangement is consistent with the safe and sound operation of the California state bank.
(b)Any other factors that the commissioner deems relevant.
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California § 1387. (1387. (Added by Stats. 2011, Ch. 243, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.