§ 10006 Foreign Savings Association Application

Financial Code·California

AI SummaryVerified

This law says that, unless a specific regulation says otherwise, a foreign savings association and its parent company must follow the same rules as a California savings association for this part of the law.

Key Takeaways

•Applies to foreign savings associations and their holding companies.
•Treats them as if they were California savings associations for this division.
•Only exceptions are those written in specific regulations.

Example

A savings bank from Nevada opens a branch in California.

Even though the bank is from Nevada, for the rules in this division it has to act just like a California savings bank, unless a regulation gives it a different rule.

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

Official Source

View on CA.gov

§ 10006 Foreign Savings Association Application

Except as provided by regulation, this division applies to a foreign savings association or its holding company as if business conducted in this state were that of a California savings association. (Added by Stats. 1987, Ch. 1162, Sec. 24. Effective September 26, 1987. Section operative January 1, 1991, pursuant to Section 10009.)

Last verified: January 10, 2026

Key Terms

foreign savings association California savings association

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 10006.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References