{"code":"FIN","codeName":"Financial Code","section":"16525","citation":"Fin. Code, § 16525","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 12. Foreign (Other Nation) Credit Unions [16500. - 16906.]","url":"https://blackletter.si/financial-code/division-5/chapter-12"},{"name":"ARTICLE 2. Representative Offices [16525. - 16530.]","url":"https://blackletter.si/financial-code/division-5/chapter-12/article-2"}],"history":"Added by Stats. 2000, Ch. 612, Sec. 4.   Effective January 1, 2001.","effective":"2001-01-01","html":"<p>(a) No foreign (other nation) credit union shall establish or maintain an office in this state at which it engages in representational functions unless it is licensed to maintain a representative office, agency, or branch office at that place.</p><p>(b) (1) No person shall establish or maintain an office in this state as representative of a foreign (other nation) credit union unless the foreign (other nation) credit union is licensed to maintain the office as a representative office.</p><p>(2) For purposes of this chapter, if any person establishes or maintains an office in this state as representative of a foreign (other nation) credit union, the foreign (other nation) credit union shall be deemed to establish and maintain the office as a representative office.</p>","text":"(a) No foreign (other nation) credit union shall establish or maintain an office in this state at which it engages in representational functions unless it is licensed to maintain a representative office, agency, or branch office at that place. (b) (1) No person shall establish or maintain an office in this state as representative of a foreign (other nation) credit union unless the foreign (other nation) credit union is licensed to maintain the office as a representative office. (2) For purposes of this chapter, if any person establishes or maintains an office in this state as representative of a foreign (other nation) credit union, the foreign (other nation) credit union shall be deemed to establish and maintain the office as a representative office.","otherVersions":[],"url":"https://blackletter.si/financial-code/representative-offices-16525","source":"California Legislative Information bulk export (pubinfo)"}