California Statutes
§ 1550. — 1550. (Added by Stats. 2011, Ch. 243, Sec. 3.)
California·Code FIN Financial Code - FIN·Div. 1.1. DIVISION 1.1. BANKING·Ch. 16. CHAPTER 16. Trust Companies·Art. 1. ARTICLE 1. General Provisions
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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California § 1550. (1550. (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.