California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 5. CREDIT UNIONS |
Chapter 12. Foreign (Other Nation) Credit Unions |
ARTICLE 2. Representative Offices |
Section 16528.
Latest version.
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A foreign (other nation) credit union that is licensed to maintain a representative office may, subject to any regulations that the commissioner may prescribe, engage in representational functions at the office but shall not solicit or accept share accounts or deposits or otherwise transact business at the office.
(Added by Stats. 2000, Ch. 612, Sec. 4. Effective January 1, 2001.)