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2011 California Code
Financial Code
DIVISION 1.1. BANKING [1000 - 1910]
ARTICLE 1. International and Foreign Banking and Financing Corporations
Section 1857


CA Fin Code § 1857 (through 2012 Leg Sess) What's This?

No corporation shall purchase, own, or hold stock or certificates of ownership in any other corporation organized under this article or under the laws of any state which is in substantial competition therewith, or which holds stock or certificates of ownership in corporations which are in substantial competition with the purchasing corporation.

(Added by Stats. 2011, Ch. 243, Sec. 3. Effective January 1, 2012.)

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