Government Code section 54956.97

Notwithstanding any provision of law, the governing board, or a committee of the governing board, of a public bank, as defined in Section 57600 of the Government Code, may meet in closed session to consider and take action on matters pertaining to all of the following:

(a)

A loan or investment decision.

(b)

A decision of the internal audit committee, the compliance committee, or the governance committee.

(c)

A meeting with a state or federal regulator.

Source: Section 54956.97, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=54956.­97.­ (updated Jan. 1, 2020; accessed Dec. 29, 2025).

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Verified:
Dec. 29, 2025

§ 54956.97's source at ca​.gov