California · Corporations Code

CORP §29511: “Financial institution” means (a) a national bank or a bank or trust company incorporated under the laws of this state, (b) a federal savings and loan association or federal savings bank, or (c) a fed

What this law says, in plain English

This statute defines 'financial institution' to include national banks, state-incorporated banks and trust companies, and federal savings and loan associations or banks.

Read the full statutory text

“Financial institution” means (a) a national bank or a bank or trust company incorporated under the laws of this state, (b) a federal savings and loan association or federal savings bank, or (c) a federally insured bank chartered by a state of the United States when the commodity depository activities of the bank are supervised by the bank regulator of that state.

Verify at the official source: California legislative text

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