California · Financial Code
FIN §1901: Every bank investing in the capital stock of any corporation described in Section 1900 shall be required to furnish information concerning the condition of such corporation to the commissioner upon de
What this law says, in plain English
Banks investing in certain corporations must provide information about those corporations' condition to the commissioner.
Read the full statutory text
Every bank investing in the capital stock of any corporation described in Section 1900 shall be required to furnish information concerning the condition of such corporation to the commissioner upon demand, and the commissioner may order special examinations of said corporation at such time or times as he or she may deem appropriate. The cost of such special examinations shall be paid by said corporation.
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