California Statutes
§ 16103. — 16103. (Added by Stats. 2000, Ch. 612, Sec. 3.)
California·Code FIN Financial Code - FIN·Div. 5. DIVISION 5. CREDIT UNIONS·Ch. 11. CHAPTER 11. Foreign (Other State) Credit Unions·Art. 6. ARTICLE 6. Conduct of Credit Union Business
(a)A foreign (other state) credit union that is licensed to establish and maintain an office or offices in this state shall keep the assets of the offices separate and apart from the assets of its business outside this state, if required by written order of the commissioner.
(b)Persons who are creditors of a foreign (other state) credit union as a result of the business of an office of the foreign (other state) credit union in this state shall be entitled to priority over
other creditors with respect to the assets of the business in this state of the foreign (other state) credit union.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 16103. (16103. (Added by Stats. 2000, Ch. 612, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2000, Ch. 612, Sec. 3. Effective January 1, 2001.