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2020 California Code
Financial Code - FIN
DIVISION 1.1 - BANKING
CHAPTER 21 - International and Foreign Banking and Financing
ARTICLE 1 - International and Foreign Banking and Financing Corporations
Section 1864.
Universal Citation: CA Fin Code § 1864 (2020)
1864.
Any bank may invest in the shares of any corporation organized under the provisions of this article, but the aggregate amount of stock held in all corporations engaged in business of the kind described in this chapter shall not exceed 10 percent of the subscribing bank’s shareholders’ equity.
(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
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