Gov. Code, § 54956.97 · Chapter 9. Meetings
Gov. Code, § 54956.97
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Notwithstanding any provision of law, the governing board, or a committee of the governing board, of a public bank, as defined in Section 57600 of the Government Code, may meet in closed session to consider and take action on matters pertaining to all of the following:
(a) A loan or investment decision.
(b) A decision of the internal audit committee, the compliance committee, or the governance committee.
(c) A meeting with a state or federal regulator.
Notes and commentary — not statutory text
History
Added by Stats. 2019, Ch. 442, Sec. 14. (AB 857) Effective January 1, 2020.
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=GOV§ionNum=54956.97.
- Text hash
- sha256 8a1b129ebf2ed27ca2c06e32897c19e17e5e3017b1f7ddb33072b7d03eea51b0
- 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
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