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DIVISION 1.1. BANKING 1000-1910›CHAPTER 4.5. Bank Extraordinary Situation Closing 1090-1096

§ 1091

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

“Extraordinary situation” means any condition or occurrence, other than as set forth in Section 592, that may interfere or is inconsistent with the conduct of normal business operations at one or more offices of a bank or which poses a threat to the safety or security of persons or property, or both.

(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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