§ 1390
52 words·~1 min read·
/ca/financial-code/1390A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the commissioner finds that any activity performed by an insured depository institution as agent for a California state bank is not an authorized agency activity or that the agency arrangement is inconsistent with safe and sound banking practices, the commissioner may order the California state bank to terminate the agency arrangement.