California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 1.1. BANKING |
Chapter 10. Restrictions and Prohibited Practices |
ARTICLE 2. Loans to Insiders |
Section 1366.
Latest version.
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A bank may make a loan, otherwise complying with the provisions of this division, for the benefit of a trust, notwithstanding that the bank or any one or more executive officers or directors of the bank are trustees of the trust.
(Added by Stats. 2011, Ch. 243, Sec. 3. Effective January 1, 2012.)