DIVISION 1.1. BANKING 1000-1910›CHAPTER 21. International and Foreign Banking and Financing 1850-1910›ARTICLE 1. International and Foreign Banking and Financing Corporations 1850-1897
§ 1857
California Financial Code · 2020-11 edition · updated 2026-10-04 · California
No corporation shall purchase, own, or hold stock or certificates of ownership in any other corporation organized under this article or under the laws of any state which is in substantial competition therewith, or which holds stock or certificates of ownership in corporations which are in substantial competition with the purchasing corporation.
(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
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