§ 205 Corporate And Bank State Definition

Financial Code·California

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Key Takeaways

•The word 'State' in this law means a U.S. state, not a country.
•For companies: A 'State' company is one made under a U.S. state's rules.
•For foreign banks: A 'State' office is one allowed by a U.S. state's rules.

Example

A big toy company is started in California.

Because it was made following California's rules, this law calls it a 'State' company.

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

Official Source

View on CA.gov

§ 205 Corporate And Bank State Definition

“State”: (a) When used with respect to a corporation, means a corporation that is organized under the laws of a state of the United States. (b) When used with respect to an office of a foreign (other nation) bank, means an office that the bank is authorized to maintain under the laws of a state of the United States. (Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)

Last verified: January 23, 2026

Key Terms

State corporation foreign bank

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 205.

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Key Takeaways

Example

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Related Statutes

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