Cal. Financial Code § 1174
Cal. Financial Code § 1174
California · California Financial Code · Status: effective · Effective 2012-01-01
Cite this
- Citation
- Cal. Financial Code § 1174, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/813010
- Permanent ID
ys:prov:813010@1- SHA-256
1c435ba0fb406c742920677086ddcfae30aa583183658792933c7d6a3aa768f9
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The commissioner shall be deemed to be a party in interest within the meaning of Section 306 of the Corporations Code with respect to a bank and may, in the name of the people of this state, bring or intervene in an action under Section 306 of the Corporations Code for the appointment of directors of a bank.
(b) The commissioner may, in the name of the people of this state, bring or intervene in an action under Section 308 of the Corporations Code for the appointment of a provisional director or directors of a bank to the same extent as a shareholder who held 50 percent of the voting power of such bank might bring such an action.