Ca_Law

statute | California

Financial Code - FIN - FIN § 1550

  • UIDca_leginfo_codes:fin-1550
  • CitationFinancial Code - FIN - FIN § 1550
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

No corporation shall engage in the trust business unless: (a) Its articles comply with the requirements of subdivision (b), (d), or (e) of Section 1100; and (b) It has received from the commissioner a certificate of authority pursuant to Section 1042 to engage in the trust busine

Text

No corporation shall engage in the trust business unless:
(a)
Its articles comply with the requirements of subdivision (b), (d), or (e) of Section 1100; and
(b)
It has received from the commissioner a certificate of authority pursuant to Section 1042 to engage in the trust business, or, if it is a bank, has received the authorization of the commissioner to
engage in the trust business; and
(c)
It has deposited with the State Treasurer money or securities in compliance with Article 3 (commencing with Section 1570) of this chapter.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 1550

    No corporation shall engage in the trust business unless: (a) Its articles comply with the requirements of subdivision (b), (d), or (e) of Section 1100; and (b) It has received from the commissioner a certificate of authority pursuant to Section 1042 to engage in the trust business, or, if it is a bank, has receiv…