§ 1387
66 words·~1 min read·
/ca/financial-code/1387A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In determining whether to approve or deny an application by a California state bank for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following:
(a)Whether the proposed agency arrangement is consistent with the safe and sound operation of the California state bank.
(b)Any other factors that the commissioner deems relevant.