Earlier editions: 2020-112018-11
DIVISION 1.1. BANKING 1000-1910›CHAPTER 15. Industrial Banks 1530-1542›ARTICLE 2. Industrial Bank Business 1540-1542
§ 1540
California Financial Code · 2026 edition · updated 2026-10-04 · California
Each industrial bank shall be an insured bank at all times while it is engaged in the industrial banking business.
(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code