BlackletterCalifornia law

Financial Code § 1857

ARTICLE 1. International and Foreign Banking and Financing Corporations

Current as of September 28, 2026Fin. Code, § 1857Official source ↗

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

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.