California Financial Code 117 – “Trust company” means a corporation, industrial bank, or a commercial …
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“Trust company” means a corporation, industrial bank, or a commercial bank that is authorized to engage in the trust business.
(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
Terms Used In California Financial Code 117
- 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.