§ 1761
76 words·~1 min read·
/ca/financial-code/1761A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)No foreign (other nation) bank shall concurrently be licensed to maintain offices of different classes.
(b)Subdivision
(a)does not prohibit a foreign (other nation) bank that is licensed to maintain a representative office from being concurrently licensed to maintain an office of a different class or to prohibit a foreign (other nation) bank that is licensed to maintain an office other than a representative office from being concurrently licensed to maintain a representative office.