There is a newer version of the California Code
2005 California Financial Code Sections 550-559 Article 4. Automated Teller Machine Branch Offices
FINANCIAL CODESECTION 550-559
550. In this article, unless the context otherwise requires: (a) "Automated teller machine" means any electronic information processing device used by a financial institution and its customers for the primary purpose of executing transactions solely between the financial institution and its customers, if the transactions are not incidental to sales between the customer and a business entity other than a financial institution. "Automated teller machine" does not include devices used solely to facilitate check guarantee or check authorization. (b) "Automated teller machine branch office" means a branch office that consists exclusively of one or more automated teller machines. However, an automated teller machine branch office of a bank may include (1) a night depository facility and (2) personnel of the bank, provided that the personnel do not accept deposits, pay checks, or make loans. (c) "Bank" means (1) a California state bank or (2) a foreign (other nation) bank that is licensed under Article 3 (commencing with Section 1750) of Chapter 13.5 to maintain one or more retail branch offices as defined in Section 1700. 551. Except as the commissioner may otherwise order, a bank is not required to file any notice with, or to obtain any approval or certificate of authority from, the commissioner or to comply with any other regulatory requirement in order to establish, relocate, or discontinue an automated teller machine or remote service facility. 559. Subject to applicable laws and regulations, a bank is permitted but not required to share its automated teller machine branch offices with one or more other banks (as defined in Section 102), savings associations, and credit unions, or such other persons as the commissioner may approve.
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