BlackletterCalifornia law

Government Code § 57605

DIVISION 5. Public Banks

Current as of September 28, 2026Gov. Code, § 57605Official source ↗Ask about this

Added by Stats. 2019, Ch. 442, Sec. 16. (AB 857) Effective January 1, 2020.

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.