Fin. Code, § 16024 · Article 2. Establishment of a California Branch Office or California Facility
Fin. Code, § 16024
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Within 30 days of establishing a California facility, a foreign (other state) credit union shall notify the commissioner in writing of its intent to establish a California facility. The notice shall identify the proposed location of the facility, describe its proposed activities, and contain any other information which the commissioner may by regulation or order specify.
(b) A foreign (other state) credit union shall not commence business at a proposed facility without a license having been issued by the commissioner.
Notes and commentary — not statutory text
History
Amended by Stats. 2001, Ch. 159, Sec. 93. Effective January 1, 2002.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=16024.
- Text hash
- sha256 10f57011321b13356a71f515b2325b7103473ec8e0de6076904e92890703f650
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.