There is a newer version
of
this Section
2019 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 4 - Powers of Associations
ARTICLE 2 - Branching and Agency Powers
Section 6551.
Universal Citation: CA Fin Code § 6551 (2019)
6551.
(a) An agency of an association is a place or facility, stationary or mobile, other than the home office, a remote service unit, or a branch office, at or through which the association may transact business that is specified by the board of directors and approved by the commissioner.
(b) The agency may perform other special duties and functions as may be directed from time to time by the home office or a branch office and approved by the commissioner.
(c) An agency may perform only those activities, duties, or functions as are authorized for savings associations by the provisions of this division or regulations of the commissioner.
(Amended by Stats. 1988, Ch. 718, Sec. 11.5.)
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.
