California § 16525. 16525. (Added by Stats. 2000, Ch. 612, Sec. 4.)

California Statutes

§ 16525. — 16525. (Added by Stats. 2000, Ch. 612, Sec. 4.)

California § 16525.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 5.DIVISION 5. CREDIT UNIONS

Ch. 12.CHAPTER 12. Foreign (Other Nation) Credit Unions

Art. 2.ARTICLE 2. Representative Offices

This text of California § 16525. (16525. (Added by Stats. 2000, Ch. 612, Sec. 4.)) 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 § 16525. (2026).

Text

(a)No foreign (other nation) credit union shall establish or maintain an office in this state at which it engages in representational functions unless it is licensed to maintain a representative office, agency, or branch office at that place.

(b)

(1)No person shall establish or maintain an office in this state as representative of a foreign (other nation) credit union unless the foreign (other nation) credit union is licensed to maintain the office as a representative office.

(2)For purposes of this chapter, if any person establishes or maintains an office in this state as representative of a foreign (other nation) credit union, the foreign (other nation) credit union shall be deemed to establish and maintain the office as a representative office.

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(a)
No foreign (other nation) credit union shall establish or maintain an office in this state at which it engages in representational functions unless it is licensed to maintain a representative office, agency, or branch office at that place.
(b)
(1)
No person shall establish or maintain an office in this state as representative of a foreign (other nation) credit union unless the foreign (other nation) credit union is licensed to maintain the office as a
representative office.
(2)
For purposes of this chapter, if any person establishes or maintains an office in this state as representative of a foreign (other nation) credit union, the foreign (other nation) credit union shall be deemed to establish and maintain the office as a representative office.

Legislative History

Added by Stats. 2000, Ch. 612, Sec. 4. Effective January 1, 2001.

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California § 16525., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/16525..