{"code":"FIN","codeName":"Financial Code","section":"1390","citation":"Fin. Code, § 1390","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1.1. BANKING [1000. - 1910.]","url":"https://blackletter.si/financial-code/division-1.1"},{"name":"CHAPTER 11. Agency Activities [1380. - 1397.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-11"},{"name":"ARTICLE 2. California State Bank as Principal [1384. - 1390.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-11/article-2"}],"history":"Added by Stats. 2011, Ch. 243, Sec. 3.   (SB 664)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>If the commissioner finds that any activity performed by an insured depository institution as agent for a California state bank is not an authorized agency activity or that the agency arrangement is inconsistent with safe and sound banking practices, the commissioner may order the California state bank to terminate the agency arrangement.</p>","text":"If the commissioner finds that any activity performed by an insured depository institution as agent for a California state bank is not an authorized agency activity or that the agency arrangement is inconsistent with safe and sound banking practices, the commissioner may order the California state bank to terminate the agency arrangement.","otherVersions":[],"url":"https://blackletter.si/financial-code/california-state-bank-as-principal-1390","source":"California Legislative Information bulk export (pubinfo)"}