{"code":"GOV","codeName":"Government Code","section":"57605","citation":"Gov. Code, § 57605","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 5. LOCAL AGENCIES [50001. - 57607.]","url":"https://blackletter.si/government-code/title-5"},{"name":"DIVISION 5. Public Banks [57600. - 57607.]","url":"https://blackletter.si/government-code/title-5/division-5"}],"history":"Added by Stats. 2019, Ch. 442, Sec. 16.   (AB 857)   Effective January 1, 2020.","effective":"2020-01-01","html":"<p>For the purposes of Section <a href=\"/fin/1280\">1280</a> of the Financial Code, any person or entity, including a local agency, that owns, controls, or holds an ownership interest in a public bank is not a bank holding company by reason of that ownership interest.</p>","text":"For the purposes of Section 1280 of the Financial Code, any person or entity, including a local agency, that owns, controls, or holds an ownership interest in a public bank is not a bank holding company by reason of that ownership interest.","otherVersions":[],"url":"https://blackletter.si/government-code/public-banks-57605","source":"California Legislative Information bulk export (pubinfo)"}