Statute · California Government Code
Cal. Gov't Code § 57605 — Public Banks
Cal. Gov't Code § 57605
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2020-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
For the purposes of Section 1280 of the Financial Code, any person or entity, including a local agency, that owns, controls, or holds an ownership interest in a public bank is not a bank holding company by reason of that ownership interest.
Citator
Cal. Gov't Code § 57605 — Public Banks is in force in the current edition of the Code, and nothing recorded condemns it.
For the purposes of Section 1280 of the Financial Code, any person or entity, including a local agency, that owns, controls, or holds an ownership interest in a public bank is not a bank holding company by reason of that ownership interest.