§ 560
52 words·~1 min read·
/ca/financial-code/560A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No person who has not received a certificate from the commissioner authorizing it to engage in the banking business shall solicit or receive deposits, issue certificates of deposit with or without provision for interest, make payments on checks, or transact business in the way or manner of a bank or trust company.