§ 1473 Bank Investment Exemptions

Financial Code·California

AI SummaryVerified

This law says that rules about bank investments that were approved before January 1, 2009, no longer apply, and those approvals are now ended.

Key Takeaways

•Investments made before Jan 1, 2009 are exempt from sections 1481 and 1510.
•Any approvals given before that date are now terminated.
•The rule change took effect on Jan 1, 2014.

Example

A bank made an investment in 2008 that needed special approval from the state regulator.

Because the investment happened before January 1, 2009, the old rules don't apply anymore, and the earlier approval is considered cancelled.

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

Official Source

View on CA.gov

§ 1473 Bank Investment Exemptions

Sections 1481 and 1510 shall not apply to investments held by a bank prior to January 1, 2009. All authorizations regarding investments by a bank issued by the commissioner prior to January 1, 2009, are terminated. (Amended by Stats. 2013, Ch. 334, Sec. 37. (SB 537) Effective January 1, 2014.)

Last verified: January 11, 2026

Key Terms

Sections 1481 and 1510 investments held by a bank January 1, 2009 authorizations regarding investments commissioner

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1473.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References