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California Law (Last Updated: March 4, 2014) |
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Financial Code - FIN |
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Division 1.1. BANKING |
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Chapter 21. International and Foreign Banking and Financing |
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ARTICLE 1. International and Foreign Banking and Financing Corporations |
Section 1885.
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No foreign corporation shall transact in this state the business defined in this article or any part thereof, unless such corporation shall have:
(a) Been authorized by its charter to carry on such business and shall have complied with the laws of the state or country under which it is incorporated.
(b) Made the deposit with the State Treasurer required by this article.
(c) Designated the commissioner, by an instrument in writing duly executed, its true and lawful attorney upon whom all process in any action or proceeding by any resident of this state against it may be served with the same effect as if it were a domestic corporation and had been lawfully served with process within this state.
(d) Received a license duly issued to it by the commissioner.