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Earlier editions: 2020-112018-11

TITLE 5. LOCAL AGENCIES 50001-57607›DIVISION 5. Public Banks 57600-57607

§ 57605

California Government Code · 2026-10 edition · updated 2026-10-04 · California

For the purposes of Section 1280 of the Financial Code, any person or entity, including a local agency, that owns, controls, or holds an ownership interest in a public bank is not a bank holding company by reason of that ownership interest.

(Added by Stats. 2019, Ch. 442, Sec. 16. (AB 857) Effective January 1, 2020.)

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