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CA AB1933
Bill
Status
Failed
11/30/2016
Primary Sponsor
Travis Allen
Click for details
AI Summary
- Amends Section 1100 of the Financial Code to reorganize requirements for bank articles of incorporation by renumbering subsections (a)-(e) to (1)-(5)
- Requires banks to post their classification statement (commercial bank, industrial bank, or trust company) in a prominent location on the bank's Internet website
- Maintains existing requirements that articles of incorporation contain specific statements describing the bank's authorized business activities based on its classification
- Applies to commercial banks, industrial banks, and trust companies, with variations depending on whether each is authorized to engage in trust business
Legislative Description
Banking.
Last Action
From committee without further action.
11/30/2016
Committee Referrals
Banking and Finance3/14/2016
Full Bill Text
No bill text available