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DIVISION 5. CREDIT UNIONS 14000-16906›CHAPTER 12. Foreign (Other Nation) Credit Unions 16500-16906›ARTICLE 2. Representative Offices 16525-16530

§ 16528

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

A foreign (other nation) credit union that is licensed to maintain a representative office may, subject to any regulations that the commissioner may prescribe, engage in representational functions at the office but shall not solicit or accept share accounts or deposits or otherwise transact business at the office.

(Added by Stats. 2000, Ch. 612, Sec. 4. Effective January 1, 2001.)

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California Financial Code

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