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/§ 1551.
California Statutes

§ 1551. — 1551. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1551.
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 § 1551. (1551. (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 § 1551. (2026).

Text

Any commercial bank or industrial bank, with the prior authorization of the commissioner, may engage in the trust business, if its articles comply with the requirements of subdivision (b) of Section 1100. Any bank so authorized shall, in the conduct of its trust business, comply with and be governed by all of the provisions of this chapter, except the provisions of Section 1580. An application for such authorization shall be in such form and contain such information as the commissioner may require, and be accompanied by a fee of one thousand dollars ($1,000).

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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 § 1551., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1551..