California · Financial Code

FIN §4805.02: (a) In this division, “bank” means a commercial bank or trust company (other than an industrial loan company authorized to engage in trust business).

What this law says, in plain English

This statute defines 'bank' for purposes of this division as a commercial bank or trust company, excluding industrial loan companies authorized to conduct trust business.

Read the full statutory text

(a) In this division, “bank” means a commercial bank or trust company (other than an industrial loan company authorized to engage in trust business). “Bank” does not include an industrial loan company. (b) Notwithstanding subdivision (a), “foreign (other nation) bank” has the meaning set forth in paragraph (1) of subdivision (b) of Section 177.

Verify at the official source: California legislative text

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