Cal. Financial Code § 508
Cal. Financial Code § 508
California · California Financial Code · Status: effective · Effective 2012-01-01
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- Citation
- Cal. Financial Code § 508, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/812792
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Full text
During any emergency period declared by the Governor no bank shall transact any banking business except to such extent and subject to such regulations, limitations, or restrictions as may be prescribed by the commissioner, which, as to member banks, shall be as consistent as the exigencies of the situation permit with the provisions of the Federal Reserve Act and regulations issued thereunder or, as to insured banks, shall be as consistent as the exigencies of the situation permit with the rules and regulations governing banks whose deposits are insured by the Federal Deposit Insurance Corporation.