Statute · California Financial Code
Cal. Fin. Code § 16553 — Branch Offices and Agencies
Cal. Fin. Code § 16553
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2001-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The approval of an application for approval to establish a branch office or agency shall be revoked by operation of law if the applicant foreign (other nation) credit union does not establish and maintain the office within one year after the date of the approval, unless prior to the expiration…
Citator
Cal. Fin. Code § 16553 — Branch Offices and Agencies is in force in the current edition of the Code, and nothing recorded condemns it.
The approval of an application for approval to establish a branch office or agency shall be revoked by operation of law if the applicant foreign (other nation) credit union does not establish and maintain the office within one year after the date of the approval, unless prior to the expiration of the one-year period the commissioner extends the time within which the foreign (other nation) credit union may establish the branch office or agency.