Financial Code section 1397

If the commissioner finds that any activities performed by a California state bank as agent for an insured depository institution are not authorized agency activities or that the agency arrangement is inconsistent with safe and sound banking practices, the commissioner may order the California state bank to terminate the agency arrangement.

Source: Section 1397, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=1397.­ (updated Jan. 1, 2012; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 1397's source at ca​.gov