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DIVISION 2. SAVINGS ASSOCIATION LAW 5000-10009›CHAPTER 10. Foreign (National) Savings Companies 10000-10009

§ 10001

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

(a) No person, other than a California savings association or other person authorized by this division, shall do any business of an association.

(b) No foreign savings association may control a California savings association.

(c) No foreign holding company may control a California savings association.

(d) The commissioner shall obtain an injunction or take other action necessary to prevent any person from unlawfully doing any business of an association in this state.

(Added by Stats. 1987, Ch. 1162, Sec. 19. Effective September 26, 1987. Section operative January 1, 1991, pursuant to Section 10009.)

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California Financial Code

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