Statute · California Financial Code
Cal. Fin. Code § 1387 — California State Bank as Principal
Cal. Fin. Code § 1387
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In determining whether to approve or deny an application by a California state bank for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following:
Citator
Cal. Fin. Code § 1387 — California State Bank as Principal is in force in the current edition of the Code, and nothing recorded condemns it.
In determining whether to approve or deny an application by a California state bank for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following:
(a) Whether the proposed agency arrangement is consistent with the safe and sound operation of the California state bank.
(b) Any other factors that the commissioner deems relevant.