Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · California · Financial Code

§ 589

192 words·~1 min read·/ca/financial-code/589

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)In this section, “subject financial institution” means any:
(1)Licensee or any bank or credit union that maintains an office in this state.
(2)Affiliate of any of the institutions specified in paragraph (1).
(3)Subsidiary of any of the institutions specified in paragraph (1).
(4)Holding company of any of the institutions specified in paragraph (1).
(b)It is unlawful for any subject person or former subject person of a subject financial institution to whom an order is issued under Sections 585 to 587, inclusive, willfully to do, directly or indirectly, any of the following without the approval of the commissioner, so long as the order is in effect:
(1)Act as a subject person of any subject financial institution.
(2)Vote any shares or other securities having voting rights for the election of any person as a director of a subject financial institution.
(3)Solicit, procure, transfer or attempt to transfer, or vote any proxy, consent, or authorization with respect to any shares or other securities of a subject financial institution having voting rights.
(4)Otherwise to participate in any manner in the affairs of any subject financial institution.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.