Statute · California Financial Code

Cal. Fin. Code § 1864 — International and Foreign Banking and Financing Corporations

Cal. Fin. Code § 1864

Type: Statute
Source: California Financial Code
Jurisdiction: California
Date: 2012-01-01
Current through: Nov 2, 2026 (California Legislative Counsel)

Any bank may invest in the shares of any corporation organized under the provisions of this article, but the aggregate amount of stock held in all corporations engaged in business of the kind described in this chapter shall not exceed 10 percent of the subscribing bank’s shareholders’ equity.

Citator

Cal. Fin. Code § 1864 — International and Foreign Banking and Financing Corporations is in force in the current edition of the Code, and nothing recorded condemns it.

Any bank may invest in the shares of any corporation organized under the provisions of this article, but the aggregate amount of stock held in all corporations engaged in business of the kind described in this chapter shall not exceed 10 percent of the subscribing bank’s shareholders’ equity.