Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 1.1.: DIVISION 1.1. BANKING/Ch. 16.: CHAPTER 16. Trust Companies/Art. 1.: ARTICLE 1. General Provisions/§ 1550.
California Statutes

§ 1550. — 1550. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1550.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.1.DIVISION 1.1. BANKING
Ch. 16.CHAPTER 16. Trust Companies
Art. 1.ARTICLE 1. General Provisions

This text of California § 1550. (1550. (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 § 1550. (2026).

Text

No corporation shall engage in the trust business unless:

(a)Its articles comply with the requirements of subdivision (b), (d), or (e) of Section 1100; and
(b)It has received from the commissioner a certificate of authority pursuant to Section 1042 to engage in the trust business, or, if it is a bank, has received the authorization of the commissioner to engage in the trust business; and
(c)It has deposited with the State Treasurer money or securities in compliance with Article 3 (commencing with Section 1570) of this chapter.

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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 § 1550., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1550..