Whenever an application by a foreign savings association for approval to conduct the business of an association in California has been approved the Commissioner shall issue to such foreign savings association a certificate of authority to conduct the business of an association in California.

Note: Authority cited: Sections 8053 and 10012, Financial Code. Reference: Section 10012, Financial Code.

History

1. New section filed 7-1-87; operative 7-1-87 pursuant to Government Code Section 11346.2(d) (Register 87, No. 28).