Document Citation: Cal Fin Code § 1916

Header:

CALIFORNIA CODE ANNOTATED
FINANCIAL CODE
Division 1. Banks
Chapter 15. Examinations and Reports
Article 1. Examinations

Date:
08/31/2009

Document:
Cal Fin Code § 1916 (2010)

§ 1916. Transaction of banking business during emergency period declared by Governor

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.