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Cal. Fin. Code § 10001

Foreign (National) Savings Companies

Known as the Savings Association Law

The act spans §§ 5000–10009 (387 sections).

Added by Stats. 1987, Ch. 1162, Sec. 19

(a) No person, other than a California savings association or other person authorized by this division, shall do any business of an association.

(b) No foreign savings association may control a California savings association.

(c) No foreign holding company may control a California savings association.

(d) The commissioner shall obtain an injunction or take other action necessary to prevent any person from unlawfully doing any business of an association in this state.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.