{"code":"FIN","codeName":"Financial Code","section":"16023","citation":"Fin. Code, § 16023","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 5. CREDIT UNIONS [14000. - 16906.]","url":"https://blackletter.si/financial-code/division-5"},{"name":"CHAPTER 11. Foreign (Other State) Credit Unions [16000. - 16206.]","url":"https://blackletter.si/financial-code/division-5/chapter-11"},{"name":"ARTICLE 2. Establishment of a California Branch Office or California Facility [16020. - 16024.]","url":"https://blackletter.si/financial-code/division-5/chapter-11/article-2"}],"history":"Added by Stats. 2000, Ch. 612, Sec. 3.   Effective January 1, 2001.","effective":"2001-01-01","html":"<p>The approval of an application for approval to establish a California branch office shall be revoked by operation of law if the applicant foreign (other state) credit union does not establish and maintain the California branch office within one year after the date of the approval, unless prior to the expiration of the one-year period the commissioner extends the time within which the foreign (other state) credit union may establish the California branch office.</p>","text":"The approval of an application for approval to establish a California branch office shall be revoked by operation of law if the applicant foreign (other state) credit union does not establish and maintain the California branch office within one year after the date of the approval, unless prior to the expiration of the one-year period the commissioner extends the time within which the foreign (other state) credit union may establish the California branch office.","otherVersions":[],"url":"https://blackletter.si/financial-code/establishment-of-a-california-branch-office-or-california-16023","source":"California Legislative Information bulk export (pubinfo)"}