BlackletterCalifornia law

Financial Code § 1856

ARTICLE 1. International and Foreign Banking and Financing Corporations

Current as of September 28, 2026Fin. Code, § 1856Official source ↗

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

Except with the approval of the commissioner, no corporation shall invest in any one corporation an amount in excess of 10 percent of its own shareholders’ equity, except in a corporation engaged in the business of banking, when 15 percent of its shareholders’ equity may be so invested.