Fin. Code, § 8054 · Article 3. General Supervisory Powers and Duties of Commissioner
Fin. Code, § 8054
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Notwithstanding any other provision of law, whenever by statute or regulation there is extended to federal associations doing business in this state any right, power, privilege, or duty not authorized for state associations, the commissioner may by regulation extend to state associations that right, power, privilege, or duty.
(b) Any regulation adopted under this section shall expire at 12 p.m. on December 31 of the year following the calendar year in which it is promulgated.
(c) For the purposes of Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code regulations adopted under this section are subject only to the provisions of Sections 11343.4, 11346.1, and 11349.6 of the Government Code.
(d) The provisions of this section shall not apply to any federal statute or regulation promulgated prior to January 1, 1984.
Notes and commentary — not statutory text
History
Amended by Stats. 1995, Ch. 938, Sec. 9.2. Effective January 1, 1996.
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=8054.
- Text hash
- sha256 2a465a5fd6a5b29030ace81c4e0e28d8c72671cb308700a8e12b2954451862a8
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
- Gov. Code, tit. 2, div. 3, pt. 1, ch. 3.5Administrative Regulations and RulemakingPrinted as Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code
- Gov. Code, § 11343.4Printed as Sections 11343.4, 11346.1, and 11349.6 of the Government Code
- Gov. Code, § 11346.1Printed as Sections 11343.4, 11346.1, and 11349.6 of the Government Code
- Gov. Code, § 11349.6Printed as Sections 11343.4, 11346.1, and 11349.6 of the Government Code
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.