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Earlier editions: 2020-112018-11

DIVISION 1.1. BANKING 1000-1910›CHAPTER 20. Foreign (Other Nation) Banks 1750-1835›ARTICLE 3. Agencies and Branch Offices 1800-1813

§ 1802

California Financial Code · 2026 edition · updated 2026-10-04 · California

No foreign (other nation) bank shall be licensed to maintain a retail branch office unless the deposits in such office are insured by the Federal Deposit Insurance Corporation in accordance with the provisions of the Federal Deposit Insurance Act.

(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

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California Financial Code

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