Cal. Code Regs. tit. 10, § 10.19050 – Definition of “Subject Institution” and Scope.

(a) In this Subarticle, “subject institution” means:
1. (1) Any California state bank.
2. (2) Any foreign (other nation) bank which is licensed under Article 3 (commencing with Section 1750) of Chapter 13.5 of the Banking Law to maintain one or more California state depositary agencies or branch offices, with respect to such agencies or branch offices.
(b) This Subarticle contains regulations relating to investments by subject institutions in corporations under Financial Code Section 1472.

Note: Authority cited: Section 326, Financial Code. Reference: Section 1472, Financial Code.

History

1. New Article 7 (Sections 10.19050-10.19143, not consecutive) filed 12-2-85; effective thirtieth day thereafter (Register 85, No. 49).

2. Change without regulatory effect amending article heading, subarticle 2 heading, subsections (a)(1) and (b) and Note filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).