California § 1387. 1387. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California Statutes

§ 1387. — 1387. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1387.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 1.1.DIVISION 1.1. BANKING

Ch. 11.CHAPTER 11. Agency Activities

Art. 2.ARTICLE 2. California State Bank as Principal

This text of California § 1387. (1387. (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 § 1387. (2026).

Text

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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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.

Legislative History

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

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Bluebook (online)

California § 1387., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1387..