Ca_Law

statute | California

Financial Code - FIN - FIN § 16103

  • UIDca_leginfo_codes:fin-16103
  • CitationFinancial Code - FIN - FIN § 16103
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(a) A foreign (other state) credit union that is licensed to establish and maintain an office or offices in this state shall keep the assets of the offices separate and apart from the assets of its business outside this state, if required by written order of the commissioner. (b)

Text

(a)
A foreign (other state) credit union that is licensed to establish and maintain an office or offices in this state shall keep the assets of the offices separate and apart from the assets of its business outside this state, if required by written order of the commissioner.
(b)
Persons who are creditors of a foreign (other state) credit union as a result of the business of an office of the foreign (other state) credit union in this state shall be entitled to priority over
other creditors with respect to the assets of the business in this state of the foreign (other state) credit union.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 16103

    (a) A foreign (other state) credit union that is licensed to establish and maintain an office or offices in this state shall keep the assets of the offices separate and apart from the assets of its business outside this state, if required by written order of the commissioner. (b) Persons who are creditors of a fore…