Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 5.: DIVISION 5. CREDIT UNIONS/Ch. 12.: CHAPTER 12. Foreign (Other Nation) Credit Unions/Art. 6.: ARTICLE 6. Conduct of Credit Union Business/§ 16603.
California Statutes

§ 16603. — 16603. (Added by Stats. 2000, Ch. 612, Sec. 4.)

California § 16603.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 5.DIVISION 5. CREDIT UNIONS
Ch. 12.CHAPTER 12. Foreign (Other Nation) Credit Unions
Art. 6.ARTICLE 6. Conduct of Credit Union Business

This text of California § 16603. (16603. (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 § 16603. (2026).

Text

(a)Any foreign (other nation) credit union that is authorized to and does maintain a branch office or agency is exempted from the restrictions of Section 1 of Article XV of the California Constitution relating to rates of interest upon the loan or forbearance of any money, goods, or things in action or on accounts after demand.
(b)This section does not exempt a foreign (other nation) credit union or any subsidiary from complying with all other laws and regulations governing the business in which the foreign (other nation) credit union or subsidiary is engaged.
(c)This section creates and authorizes an exempt class of persons pursuant to Section 1 of Article XV of the California Constitution.

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Legislative History

Added by Stats. 2000, Ch. 612, Sec. 4. Effective January 1, 2001.
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California § 16603., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/16603..