§ 1760
59 words·~1 min read·
/ca/financial-code/1760A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)No foreign (other nation) bank which is licensed to maintain an agency or branch office shall concurrently maintain a federal agency or federal branch in this state.
(b)No foreign (other nation) bank which maintains a federal agency or federal branch in this state shall concurrently be licensed to maintain an agency or branch office in this state.