“Financial institution” means (a) a national bank or a bank or trust company incorporated under the laws of this state, (b) a federal savings and loan association or federal savings bank, or (c) a federally insured bank chartered by a state of the United States when the commodity depository activities of the bank are supervised by the bank regulator of that state.
Cal. Corp. Code § 29511
Definitions
Known as the California Commodity Law
The act spans §§ 29500–29567 (47 sections).
Added by Stats. 1990, Ch. 969, Sec. 2.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.