California · Financial Code
FIN §1682: No foreign (other state) bank may establish or maintain a California branch office unless it is qualified to transact intrastate business in this state under Chapter 21 (commencing with Section 2100)
What this law says, in plain English
Foreign banks cannot open or operate a California branch unless they meet qualification requirements under state law Chapter 21.
Read the full statutory text
No foreign (other state) bank may establish or maintain a California branch office unless it is qualified to transact intrastate business in this state under Chapter 21 (commencing with Section 2100) of Division 1 of Title 1 of the Corporations Code.
Verify at the official source: California legislative text
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