Financial Code section 1761

(a)

No foreign (other nation) bank shall concurrently be licensed to maintain offices of different classes.

(b)

Subdivision (a) does not prohibit a foreign (other nation) bank that is licensed to maintain a representative office from being concurrently licensed to maintain an office of a different class or to prohibit a foreign (other nation) bank that is licensed to maintain an office other than a representative office from being concurrently licensed to maintain a representative office.

Source: Section 1761, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=1761.­ (updated Jan. 1, 2012; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 1761's source at ca​.gov