Financial Code section 1005

It shall be unlawful for any person, corporation, limited liability company, partnership, firm, or any other form of business entity allowed by law, to engage in or transact commercial banking business, industrial banking business, or trust business within this state except by means of a corporation duly organized for that purpose.

Source: Section 1005, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1005. (updated Jan. 1, 2012; accessed Jun. 9, 2025).

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Last Updated

Jan. 1, 2012

§ 1005’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_1005

Original Source: Section 1005, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1005. (last accessed May 12, 2025).