General Provisions and Definitions

Cal. CORP § 163

California Statutes

“Corporation subject to the Banking Law” (Division 1.1 (commencing with

Section 1000) of the Financial Code) means: (

a) Any corporation which, with the approval of the Commissioner of Financial Protection and Innovation, is incorporated for the purpose of engaging in, or which is authorized by the Commissioner of Financial Protection and Innovation to engage in, the commercial banking business under Division 1.1 (commencing with

Section 1000) of the Financial Code. (

b) Any corporation which, with the approval of the Commissioner of Financial Protection and Innovation, is incorporated for the purpose of engaging in, or which is authorized by the Commissioner of Financial Protection and Innovation to engage in, the industrial banking business under Division 1.1 (commencing with

Section 1000) of the Financial Code. (

c) Any corporation (other than a corporation described in subdivision (d)) which, with the approval of the Commissioner of Financial Protection and Innovation, is incorporated for the purpose of engaging in, or which is authorized by the Commissioner of Financial Protection and Innovation to engage in, the trust business under Division 1.1 (commencing with

Section 1000) of the Financial Code. (

d) Any corporation which is authorized by the Commissioner of Financial Protection and Innovation and the Commissioner of Insurance to maintain a title insurance department to engage in title insurance business and a trust department to engage in trust business; or (

e) Any corporation which, with the approval of the Commissioner of Financial Protection and Innovation, is incorporated for the purpose of engaging in, or which is authorized by the Commissioner of Financial Protection and Innovation to engage in, business under

Article 1 (commencing with

Section 1850),

Chapter 21, Division 1.1 of the Financial Code.

Document details

CollectionCalifornia Statutes
CitationCal. CORP § 163
Date2023-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierCORP163.202245243

General Provisions and Definitions

Cal. CORP § 163

California Statutes

General Provisions and Definitions

Cal. CORP § 163

California Statutes

“Corporation subject to the Banking Law” (Division 1.1 (commencing with

Section 1000) of the Financial Code) means: (

a) Any corporation which, with the approval of the Commissioner of Financial Protection and Innovation, is incorporated for the purpose of engaging in, or which is authorized by the Commissioner of Financial Protection and Innovation to engage in, the commercial banking business under Division 1.1 (commencing with

Section 1000) of the Financial Code. (

b) Any corporation which, with the approval of the Commissioner of Financial Protection and Innovation, is incorporated for the purpose of engaging in, or which is authorized by the Commissioner of Financial Protection and Innovation to engage in, the industrial banking business under Division 1.1 (commencing with

Section 1000) of the Financial Code. (

c) Any corporation (other than a corporation described in subdivision (d)) which, with the approval of the Commissioner of Financial Protection and Innovation, is incorporated for the purpose of engaging in, or which is authorized by the Commissioner of Financial Protection and Innovation to engage in, the trust business under Division 1.1 (commencing with

Section 1000) of the Financial Code. (

d) Any corporation which is authorized by the Commissioner of Financial Protection and Innovation and the Commissioner of Insurance to maintain a title insurance department to engage in title insurance business and a trust department to engage in trust business; or (

e) Any corporation which, with the approval of the Commissioner of Financial Protection and Innovation, is incorporated for the purpose of engaging in, or which is authorized by the Commissioner of Financial Protection and Innovation to engage in, business under

Article 1 (commencing with

Section 1850),

Chapter 21, Division 1.1 of the Financial Code.

Document details

CollectionCalifornia Statutes
CitationCal. CORP § 163
Date2023-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierCORP163.202245243