Cal. Fin. Code § 1810

Current through the 2023 Legislative Session.
Section 1810 - Assets kept separate and apart; priority of creditors
(a) Each foreign (other nation) bank which is licensed to transact business in this state shall keep the assets of such business separate and apart from the assets of its business outside this state.
(b) The creditors of the business in this state of a foreign (other nation) bank which is licensed to transact business in this state shall be entitled to priority over other creditors with respect to the assets of such bank's business in this state.

Ca. Fin. Code § 1810

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