{"code":"FIN","codeName":"Financial Code","section":"10002","citation":"Fin. Code, § 10002","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. SAVINGS ASSOCIATION LAW [5000. - 10009.]","url":"https://blackletter.si/financial-code/division-2"},{"name":"CHAPTER 10. Foreign (National) Savings Companies [10000. - 10009.]","url":"https://blackletter.si/financial-code/division-2/chapter-10"}],"history":"Added by renumbering Section 10001 by Stats. 1987, Ch. 1162, Sec. 18.   Effective September 26, 1987.   Section operative January 1, 1991, pursuant to Section 10009.","effective":"1987-09-26","html":"<p>Notwithstanding Section <a href=\"/fin/10001\">10001</a>, and subject to Section <a href=\"/fin/10003\">10003</a>, on and after January 1, 1991, a foreign savings association may conduct the business of an association in California or may acquire control of a California savings association, and a foreign holding company may acquire control of a California savings association; provided that, if the commissioner determines that the laws, court decisions, or practices of the jurisdiction under which the foreign savings association is incorporated or, in the case of a foreign holding company, the holding company’s principal place of deposits, would operate to prohibit, restrict, condition, or otherwise limit a California savings association from conducting the business of, or acquiring control of, a savings association in the relevant jurisdiction pursuant to the laws, court decisions, or practices of that jurisdiction, a similar prohibition, restriction, condition, or limitation to be prescribed by regulation or order of the commissioner shall apply in California to the foreign savings association or foreign holding company.</p>","text":"Notwithstanding Section 10001, and subject to Section 10003, on and after January 1, 1991, a foreign savings association may conduct the business of an association in California or may acquire control of a California savings association, and a foreign holding company may acquire control of a California savings association; provided that, if the commissioner determines that the laws, court decisions, or practices of the jurisdiction under which the foreign savings association is incorporated or, in the case of a foreign holding company, the holding company’s principal place of deposits, would operate to prohibit, restrict, condition, or otherwise limit a California savings association from conducting the business of, or acquiring control of, a savings association in the relevant jurisdiction pursuant to the laws, court decisions, or practices of that jurisdiction, a similar prohibition, restriction, condition, or limitation to be prescribed by regulation or order of the commissioner shall apply in California to the foreign savings association or foreign holding company.","otherVersions":[],"url":"https://blackletter.si/financial-code/foreign-national-savings-companies-10002","source":"California Legislative Information bulk export (pubinfo)"}