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DIVISION 2. SAVINGS ASSOCIATION LAW 5000-10009›CHAPTER 4. Powers of Associations 6500-6558›ARTICLE 1. General Powers 6500-6530

§ 6517

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

Subject to Regulation E (12 CFR Part 205) and to rules and regulations of the commissioner, an association may transfer funds between holders of savings accounts, and third parties, or their designees, by means of an electronic funds transfer system. No system or any part of it, including terminals or processing centers, shall of itself be considered a branch office or agency.

(Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)

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California Financial Code

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