Statute · California Financial Code
Cal. Fin. Code § 1550 — General Provisions
Cal. Fin. Code § 1550
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
No corporation shall engage in the trust business unless:
Citator
Cal. Fin. Code § 1550 — General Provisions is in force in the current edition of the Code, and nothing recorded condemns it.
No corporation shall engage in the trust business unless:
(a) Its articles comply with the requirements of subdivision (b), (d), or (e) of Section 1100; and
(b) It has received from the commissioner a certificate of authority pursuant to Section 1042 to engage in the trust business, or, if it is a bank, has received the authorization of the commissioner to engage in the trust business; and
(c) It has deposited with the State Treasurer money or securities in compliance with Article 3 (commencing with Section 1570) of this chapter.