Financial Code section 503

The commissioner, whenever in his or her opinion the condition of the bank, trust company, or foreign banking corporation is such as to require such audit, may require any bank, trust company, or foreign banking corporation to employ a certified public accountant to make a special audit of the affairs of such bank or trust company at its expense.

Source: Section 503, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=503. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 503’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_503

Original Source: Section 503, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=503. (last accessed Apr. 24, 2025).