No bank shall be a close corporation (as defined in Section 158 of the Corporations Code).
Cal. Fin. Code § 1002
General Provisions
Known as the Banking Law
The act spans §§ 1000–1008 (9 sections).
Added by Stats. 2011, Ch. 243, Sec. 3
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.