Statute · California Financial Code
Cal. Fin. Code § 1856 — International and Foreign Banking and Financing Corporations
Cal. Fin. Code § 1856
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Except with the approval of the commissioner, no corporation shall invest in any one corporation an amount in excess of 10 percent of its own shareholders’ equity, except in a corporation engaged in the business of banking, when 15 percent of its shareholders’ equity may be so invested.
Citator
Cal. Fin. Code § 1856 — International and Foreign Banking and Financing Corporations is in force in the current edition of the Code, and nothing recorded condemns it.
Except with the approval of the commissioner, no corporation shall invest in any one corporation an amount in excess of 10 percent of its own shareholders’ equity, except in a corporation engaged in the business of banking, when 15 percent of its shareholders’ equity may be so invested.