California Financial Code 111 – “Industrial bank” means a corporation organized for the purpose of …
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“Industrial bank” means a corporation organized for the purpose of engaging in the industrial banking business.
(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
Terms Used In California Financial Code 111
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.