California § 1396. 1396. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California Statutes

§ 1396. — 1396. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1396.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 1.1.DIVISION 1.1. BANKING

Ch. 11.CHAPTER 11. Agency Activities

Art. 3.ARTICLE 3. California State Bank as Agent

This text of California § 1396. (1396. (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 § 1396. (2026).

Text

(a)No office of a California state bank that conducts authorized agency activities as agent for an insured depository institution in accordance with this article shall, on that account, be deemed to be an office of the insured depository institution.

(b)For purposes of this division, no insured depository institution that has a California state bank engaged in authorized agency activities as its agent shall on that account be deemed to be transacting business in this state.

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(a)
No office of a California state bank that conducts authorized agency activities as agent for an insured depository institution in accordance with this article shall, on that account, be deemed to be an office of the insured depository institution.
(b)
For purposes of this division, no insured depository institution that has a California state bank engaged in authorized agency activities as its
agent shall on that account be deemed to be transacting business in this state.

Legislative History

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

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Bluebook (online)

California § 1396., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1396..