Financial Code section 1802

No foreign (other nation) bank shall be licensed to maintain a retail branch office unless the deposits in such office are insured by the Federal Deposit Insurance Corporation in accordance with the provisions of the Federal Deposit Insurance Act.

Source: Section 1802, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1802. (accessed May 12, 2025).

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Last Updated

May 12, 2025

§ 1802’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_1802

Original Source: Section 1802, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1802. (last accessed May 12, 2025).