Fin. Code, § 1885 · Article 1. International and Foreign Banking and Financing Corporations
Fin. Code, § 1885
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
No foreign corporation shall transact in this state the business defined in this article or any part thereof, unless such corporation shall have:
(a) Been authorized by its charter to carry on such business and shall have complied with the laws of the state or country under which it is incorporated.
(b) Made the deposit with the State Treasurer required by this article.
(c) Designated the commissioner, by an instrument in writing duly executed, its true and lawful attorney upon whom all process in any action or proceeding by any resident of this state against it may be served with the same effect as if it were a domestic corporation and had been lawfully served with process within this state.
(d) Received a license duly issued to it by the commissioner.
Notes and commentary — not statutory text
History
Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
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=1885.
- Text hash
- sha256 5e0682ebf6b96ade69f167f71666da447eeef53cda10040316082ccbe1fe7da0
- 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.