“Extraordinary situation” means any condition or occurrence, other than as set forth in Section 592, that may interfere or is inconsistent with the conduct of normal business operations at one or more offices of a bank or which poses a threat to the safety or security of persons or property, or both.
Cal. Fin. Code § 1091
Bank Extraordinary Situation Closing
Known as the Bank Extraordinary Situation Closing Act
The act spans §§ 1090 to 1096 (7 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.