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HomeFinancial CodeDiv. 1Ch. 1§ 147 California Entity Definitions

§ 147 California Entity Definitions

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 147 California Entity Definitions

This law defines the term "California" to include state-chartered banks, national banks with their main office in California, any bank office located in California, and corporations organized under California law.

Key Takeaways

  • •A bank organized in California or a national bank with its main office in California is treated as California.
  • •Any office of a bank that is located in California is also considered California.
  • •Any corporation that is organized under California law is considered California.

Example

A coffee shop that was incorporated in California

Because the coffee shop is a corporation organized under California law, it is considered "California" under this definition.

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

Official Source
View on CA.gov

§ 147 California Entity Definitions

“California” means: (a) When used with respect to a bank, in the case of a state bank, a bank that is organized under the laws of this state and, in the case of a national bank, a national bank that maintains its main office in this state. (b) When used with respect to an office of a bank, an office which is located in this state. (c) When used with respect to any corporation other than a bank, a corporation that is organized under the laws of this state. (Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)

Last verified: January 11, 2026

Key Terms

Californiastate banknational bankmain officecorporation

Related Statutes

  • § 179 Out-Of-State Bank Definition
  • § 183 Bank Domicile Law Definition
  • § 100002 Debt Collection Definitions
  • § 1004 State Bank Incorporation Rules
  • § 107 Commercial Bank Definition

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 147.
View Official Source