{"code":"FIN","codeName":"Financial Code","section":"1397","citation":"Fin. Code, § 1397","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 3. California State Bank as Agent [1391. - 1397.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-11/article-3"}],"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 activities performed by a California state bank as agent for an insured depository institution are not authorized agency activities 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 activities performed by a California state bank as agent for an insured depository institution are not authorized agency activities 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-agent-1397","source":"California Legislative Information bulk export (pubinfo)"}