{"data":{"id":"us-ca/fin-1867","jurisdiction":"us-ca","citation":"FIN § 1867","heading":"","body":"No corporation shall deposit any of its funds with any other moneyed corporation unless the other corporation has been nominated and designated as a depositary for the funds of the depositing corporation by the vote of a majority of the directors of the depositing corporation and has been approved by the commissioner as a depositary. The commissioner may in his or her discretion revoke his or her approval of any such depositary. This limitation shall not apply to the deposit of funds by a corporation with another moneyed corporation, that owns all or a majority of the capital stock of the corporation.","path":["Financial Code - FIN","DIVISION 1.1. BANKING [1000. - 1910.]","CHAPTER 21. International and Foreign Banking and Financing [1850. - 1910.]","ARTICLE 1. International and Foreign Banking and Financing Corporations [1850. - 1897.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"c0c89979c5ef7eebbfd8e1b8ec948405e816e6252c2174b44bae06172b87a294","source_id":"us-ca","stale":false,"prev":"us-ca/fin-1866","next":"us-ca/fin-1868"},"notice":"GroundRules: Original legal text. Not legal advice."}