{"code":"FIN","codeName":"Financial Code","section":"1541","citation":"Fin. Code, § 1541","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 15. Industrial Banks [1530. - 1542.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-15"},{"name":"ARTICLE 2. Industrial Bank Business [1540. - 1542.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-15/article-2"}],"history":"Added by Stats. 2011, Ch. 243, Sec. 3.   (SB 664)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>Subject to any order or regulation of the commissioner, an industrial bank may accept deposits evidenced by a deposit account or by certificates, that are redeemable prior to their stated maturity, but may not accept demand deposits.</p>","text":"Subject to any order or regulation of the commissioner, an industrial bank may accept deposits evidenced by a deposit account or by certificates, that are redeemable prior to their stated maturity, but may not accept demand deposits.","otherVersions":[],"url":"https://blackletter.si/financial-code/industrial-bank-business-1541","source":"California Legislative Information bulk export (pubinfo)"}