Government Code section 57605

For the purposes of Section 1280 of the Financial Code, any person or entity, including a local agency, that owns, controls, or holds an ownership interest in a public bank is not a bank holding company by reason of that ownership interest.

Source: Section 57605, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=57605. (updated Jan. 1, 2020; accessed Jun. 18, 2026).

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Up to date

Verified:
Jun. 18, 2026

§ 57605's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_57605

Original Source: Section 57605, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=57605. (last accessed May 12, 2025).