California · Financial Code

FIN §6550: (a) A branch office is a legally established place of business of an association other than the home office, a remote service unit, or any agency, authorized by the board of directors and approved by

What this law says, in plain English

A branch office is a legally established business location of an association, other than the home office or remote service unit, that must be authorized by the board of directors and approved by relevant authorities.

Read the full statutory text

(a) A branch office is a legally established place of business of an association other than the home office, a remote service unit, or any agency, authorized by the board of directors and approved by the commissioner, where the business of an association may be conducted. (b) An association may, with the approval of the commissioner, conduct business outside this state, subject to the laws of the state in which the business is done.

Verify at the official source: California legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.