§ 1005
51 words·~1 min read·
/ca/financial-code/1005A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It shall be unlawful for any person, corporation, limited liability company, partnership, firm, or any other form of business entity allowed by law, to engage in or transact commercial banking business, industrial banking business, or trust business within this state except by means of a corporation duly organized for that purpose.