Section 57605.

  1. Law
  2. California Code
  3. Code - GOV
  4. LOCAL AGENCIES
  5. 5 - Public Banks
  6. Section 57605.

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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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