BlackletterCalifornia law

Financial Code § 1091

CHAPTER 4.5. Bank Extraordinary Situation Closing

Current as of September 28, 2026Fin. Code, § 1091Official source ↗

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

“Extraordinary situation” means any condition or occurrence, other than as set forth in Section 592, that may interfere or is inconsistent with the conduct of normal business operations at one or more offices of a bank or which poses a threat to the safety or security of persons or property, or both.