There is a newer version of the California Code
2011 California Code
Financial Code
DIVISION 1.1. BANKING [1000 - 1910]
ARTICLE 2. Industrial Bank Business
Section 1541
CA Fin Code § 1541 (through 2012 Leg Sess) What's This?
Subject to any order or regulation of the commissioner, an industrial bank may accept deposits evidenced by a deposit account or by certificates, that are redeemable prior to their stated maturity, but may not accept demand deposits.
(Added by Stats. 2011, Ch. 243, Sec. 3. Effective January 1, 2012.)
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