Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 1.1.: DIVISION 1.1. BANKING/Ch. 11.: CHAPTER 11. Agency Activities/Art. 3.: ARTICLE 3. California State Bank as Agent/§ 1397.
California Statutes

§ 1397. — 1397. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1397.
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 § 1397. (1397. (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 § 1397. (2026).

Text

If the commissioner finds that any activities performed by a California state bank as agent for an insured depository institution are not authorized agency activities or that the agency arrangement is inconsistent with safe and sound banking practices, the commissioner may order the California state bank to terminate the agency arrangement.

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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 § 1397., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1397..