“Industrial banking business” includes the making of loans and acceptance of deposits, including deposits evidenced by investment or thrift certificates, but excluding demand deposits.
Cal. Fin. Code § 113
Definitions
Known as the Financial Institutions Law
The act spans §§ 99–217 (63 sections).
Added by Stats. 2011, Ch. 243, 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.