“Federal,” when used with respect to a United States office of a foreign (other nation) bank, means an office which such bank is authorized to maintain under federal law.

Note: Authority cited: Section 215, Financial Code. Reference: Division 1, Financial Code.

History

1. New section filed 10-15-81 as an emergency; effective upon filing (Register 81, No. 44). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 2-12-82.

2. Certificate of Compliance transmitted to OAL 2-11-82 and filed 3-12-82 (Register 82, No. 11).