Cal. Fin. Code § 1005

Current through the 2023 Legislative Session.
Section 1005 - Unlawful to transact banking business in other than means of corporation organized for that purpose

It shall be unlawful for any person, corporation, limited liability company, partnership, firm, or any other form of business entity allowed by law, to engage in or transact commercial banking business, industrial banking business, or trust business within this state except by means of a corporation duly organized for that purpose.

Ca. Fin. Code § 1005

Added by Stats 2012 ch 243 (SB 664),s 3, eff. 1/1/2012.