§ 1381 Bank Agency Activity Exemption

Financial Code·California

AI SummaryVerified

This law says that certain rules don't apply to California state banks when they work as agents for other banks, unless the agent's office would normally be treated like the main bank's office.

Key Takeaways

•This law is about when certain banking rules don't apply.
•It's for when one bank is helping another bank with some tasks.
•The rules don't apply unless the helper bank's office would be treated like the main bank's office.

Example

A California state bank helps another bank with some tasks, like handling deposits or loans.

This law means the usual rules for banks don't apply to this situation, unless the helper bank's office would be seen as part of the main bank.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 1381 Bank Agency Activity Exemption

This chapter does not apply to a California state bank having an insured depository institution engage in authorized agency activities as its agent or to a California state bank engaging in authorized agency activities as agent for an insured depository institution in any case other than a case where, but for the provisions of Sections 1389 and 1396, an office of the agent would for regulatory purposes be considered to be an office of the principal. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 11, 2026

Key Terms

authorized agency activities California state bank insured depository institution

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1381.

§ 1381 Bank Agency Activity Exemption

Financial Code·California

AI SummaryVerified

§ 1381 Bank Agency Activity Exemption

This law says that certain rules don't apply to California state banks when they work as agents for other banks, unless the agent's office would normally be treated like the main bank's office.

Key Takeaways

•This law is about when certain banking rules don't apply.
•It's for when one bank is helping another bank with some tasks.
•The rules don't apply unless the helper bank's office would be treated like the main bank's office.

Example

A California state bank helps another bank with some tasks, like handling deposits or loans.

This law means the usual rules for banks don't apply to this situation, unless the helper bank's office would be seen as part of the main bank.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 1381 Bank Agency Activity Exemption

Last verified: January 11, 2026

Key Terms

authorized agency activities California state bank insured depository institution

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1381.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References