{"code":"FIN","codeName":"Financial Code","section":"1857","citation":"Fin. Code, § 1857","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 21. International and Foreign Banking and Financing [1850. - 1910.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-21"},{"name":"ARTICLE 1. International and Foreign Banking and Financing Corporations [1850. - 1897.]","url":"https://blackletter.si/financial-code/division-1.1/chapter-21/article-1"}],"history":"Added by Stats. 2011, Ch. 243, Sec. 3.   (SB 664)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>No corporation shall purchase, own, or hold stock or certificates of ownership in any other corporation organized under this article or under the laws of any state which is in substantial competition therewith, or which holds stock or certificates of ownership in corporations which are in substantial competition with the purchasing corporation.</p>","text":"No corporation shall purchase, own, or hold stock or certificates of ownership in any other corporation organized under this article or under the laws of any state which is in substantial competition therewith, or which holds stock or certificates of ownership in corporations which are in substantial competition with the purchasing corporation.","otherVersions":[],"url":"https://blackletter.si/financial-code/international-and-foreign-banking-and-financing-corporations-1857","source":"California Legislative Information bulk export (pubinfo)"}