10001
Effective Sep 26, 1987Added by Stats. 1987, Ch. 1162, Sec. 19. Effective September 26, 1987. Section operative January 1, 1991, pursuant to Section 10009.
- (a) No person, other than a California savings association or other person authorized by this division, shall do any business of an association.
- (b) No foreign savings association may control a California savings association.
- (c) No foreign holding company may control a California savings association.
- (d) The commissioner shall obtain an injunction or take other action necessary to prevent any person from unlawfully doing any business of an association in this state.