DIVISION 1. FINANCIAL INSTITUTIONS 99-819›CHAPTER 6. Enforcement 550-595›ARTICLE 2. Actions Involving the Conduct of Business by Unauthorized Persons 560-567
§ 560
California Financial Code · 2018-11 edition · updated 2026-10-04 · California
No person who has not received a certificate from the commissioner authorizing it to engage in the banking business shall solicit or receive deposits, issue certificates of deposit with or without provision for interest, make payments on checks, or transact business in the way or manner of a bank or trust company.
(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code