CHAPTER 15. Industrial Banks [1530. - 1542.]

Chapter 15 added by Stats. 2011, Ch. 243, Sec. 3.

§§ 1530–1542 · 7 sections

1. ARTICLE 1. General Provisions §§ 1530–1533 · 4 sections

   • § 1530 Chapter 15 (commencing with Section 1530) is a restatement of Division 7 (commencing with Section 18000) as that division pertains to the licensing and…
   • § 1531 (a) Any reference in a provision of any statute or regulation of this state to banks or commercial banks includes industrial banks. (b) Subdivision (a) does…
   • § 1532 The Industrial Loan Account of the Financial Institutions Fund is renamed to be the Industrial Bank Account.
   • § 1533 (a) The commissioner shall annually levy on and collect from industrial banks authorized to transact industrial banking business in this state, pro rata on the…
2. ARTICLE 2. Industrial Bank Business §§ 1540–1542 · 3 sections

   • § 1540 Each industrial bank shall be an insured bank at all times while it is engaged in the industrial banking business.
   • § 1541 Subject to any order or regulation of the commissioner, an industrial bank may accept deposits evidenced by a deposit account or by certificates, that are…
   • § 1542 In addition to other provisions of this division that are otherwise applicable to an industrial bank, the following provisions of this division apply to the…