Statute · California Financial Code
Cal. Fin. Code § 1885 — International and Foreign Banking and Financing Corporations
Cal. Fin. Code § 1885
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
No foreign corporation shall transact in this state the business defined in this article or any part thereof, unless such corporation shall have:
Citator
Cal. Fin. Code § 1885 — International and Foreign Banking and Financing Corporations is in force in the current edition of the Code, and nothing recorded condemns it.
No foreign corporation shall transact in this state the business defined in this article or any part thereof, unless such corporation shall have:
(a) Been authorized by its charter to carry on such business and shall have complied with the laws of the state or country under which it is incorporated.
(b) Made the deposit with the State Treasurer required by this article.
(c) Designated the commissioner, by an instrument in writing duly executed, its true and lawful attorney upon whom all process in any action or proceeding by any resident of this state against it may be served with the same effect as if it were a domestic corporation and had been lawfully served with process within this state.
(d) Received a license duly issued to it by the commissioner.