§ 1701. — 1701. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1701.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 1.1.: DIVISION 1.1. BANKING
• Ch. 19.: CHAPTER 19. Foreign (Other State) Banks
• Art. 3.: ARTICLE 3. Facilities of Insured Foreign (Other State) Banks

Text

(a)
No insured foreign (other state) bank may establish or maintain an office in this state at which it engages in noncore banking business unless the bank complies with this article and applicable provisions of Article 1 (commencing with Section 1670).
(b)
(1)
No person may establish or maintain an office in this state as representative of an insured foreign (other state) bank
unless the bank complies with this article and applicable provisions of Article 1 (commencing with Section 1670).
(2)
For purposes of this article, if any person establishes or maintains an office in this state as representative of an insured foreign (other state) bank, the insured foreign (other state) bank is deemed to establish and maintain the office as a facility.

Legislative History

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.