Ca_Law

statute | California

Financial Code - FIN - FIN § 1387

  • UIDca_leginfo_codes:fin-1387
  • CitationFinancial Code - FIN - FIN § 1387
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

In determining whether to approve or deny an application by a California state bank for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following: (a) Whether the proposed agency a

Text

In determining whether to approve or deny an application by a California state bank for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following:
(a)
Whether the proposed agency arrangement is consistent with the safe and sound operation of the California state bank.
(b)
Any other factors that the commissioner deems relevant.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 1387

    In determining whether to approve or deny an application by a California state bank for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following: (a) Whether the proposed agency arrangement is consistent with the saf…