GroundRules
FIN § 1550
Where this section sits in the code
- Financial Code - FIN
- DIVISION 1.1. BANKING [1000. - 1910.]
- CHAPTER 16. Trust Companies [1550. - 1613.]
- ARTICLE 1. General Provisions [1550. - 1557.]
No corporation shall engage in the trust business unless:
(a) Its articles comply with the requirements of subdivision (b), (d), or (e) of Section 1100; and
(b) It has received from the commissioner a certificate of authority pursuant to Section 1042 to engage in the trust business, or, if it is a bank, has received the authorization of the commissioner to engage in the trust business; and
(c) It has deposited with the State Treasurer money or securities in compliance with Article 3 (commencing with Section 1570) of this chapter.
Collected 2026-09-14T05:56:33Z. Source file · JSON