No subject institution which is a commercial bank shall commence business unless it is an insured bank.

Note: Authority cited: Section 4831, Financial Code. Reference: Sections 4832, 4941, 4944, 4945 and 4948, Financial Code.

History

1. Repealer filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).

2. New section and Note filed 4-14-98; operative 5-14-98 (Register 98, No. 16).