There is a newer version of the California Code
2011 California Code
Financial Code
DIVISION 1.1. BANKING [1000 - 1910]
ARTICLE 1. International and Foreign Banking and Financing Corporations
Section 1856
CA Fin Code § 1856 (through 2012 Leg Sess) What's This?
Except with the approval of the commissioner, no corporation shall invest in any one corporation an amount in excess of 10 percent of its own shareholders equity, except in a corporation engaged in the business of banking, when 15 percent of its shareholders equity may be so invested.
(Added by Stats. 2011, Ch. 243, Sec. 3. Effective January 1, 2012.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
