§ 1810
78 words·~1 min read·
/ca/financial-code/1810A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Each foreign (other nation) bank which is licensed to transact business in this state shall keep the assets of such business separate and apart from the assets of its business outside this state.
(b)The creditors of the business in this state of a foreign (other nation) bank which is licensed to transact business in this state shall be entitled to priority over other creditors with respect to the assets of such bank’s business in this state.