Each foreign (other nation) credit union that is licensed to establish an office shall conduct all of the business of the office in a single building or in adjoining buildings. However, with the approval of the commissioner, the foreign (other nation) credit union may conduct part of the business of the office elsewhere in the same vicinity.
Cal. Fin. Code § 16511
General Provisions
Known as the California Credit Union Law
The act spans §§ 14000–16906 (329 sections).
Added by Stats. 2000, Ch. 612, Sec. 4
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.