Statute · California Financial Code
Cal. Fin. Code § 1397 — California State Bank as Agent
Cal. Fin. Code § 1397
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If the commissioner finds that any activities performed by a California state bank as agent for an insured depository institution are not authorized agency activities or that the agency arrangement is inconsistent with safe and sound banking practices, the commissioner may order the California…
Citator
Cal. Fin. Code § 1397 — California State Bank as Agent is in force in the current edition of the Code, and nothing recorded condemns it.
If the commissioner finds that any activities performed by a California state bank as agent for an insured depository institution are not authorized agency activities or that the agency arrangement is inconsistent with safe and sound banking practices, the commissioner may order the California state bank to terminate the agency arrangement.