§ 57605
42 words·~1 min read·
/ca/government-code/57605A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purposes of Section 1280 of the Financial Code, any person or entity, including a local agency, that owns, controls, or holds an ownership interest in a public bank is not a bank holding company by reason of that ownership interest.