§ 1397
51 words·~1 min read·
/ca/financial-code/1397A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the commissioner finds that any activities performed by a California state bank as agent for an insured depository institution are not authorized agency activities 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.