Cal. Fin. Code § 1541

Current through the 2023 Legislative Session.
Section 1541 - Acceptance of deposits

Subject to any order or regulation of the commissioner, an industrial bank may accept deposits evidenced by a deposit account or by certificates, that are redeemable prior to their stated maturity, but may not accept demand deposits.

Ca. Fin. Code § 1541

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