Statute · California Financial Code
Cal. Fin. Code § 1541 — Industrial Bank Business
Cal. Fin. Code § 1541
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Subject to any order or regulation of the commissioner, an industrial bank may accept deposits evidenced by a deposit account or by certificates, that are redeemable prior to their stated maturity, but may not accept demand deposits.
Citator
Cal. Fin. Code § 1541 — Industrial Bank Business is in force in the current edition of the Code, and nothing recorded condemns it.
Subject to any order or regulation of the commissioner, an industrial bank may accept deposits evidenced by a deposit account or by certificates, that are redeemable prior to their stated maturity, but may not accept demand deposits.