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HomeFinancial CodeDiv. 5Ch. 11Art. 1§ 16007 Foreign Credit Union Service

§ 16007 Foreign Credit Union Service

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

§ 16007 Foreign Credit Union Service

This law says that any credit union from another state that opens a branch or facility in California must name the state commissioner as its lawyer to receive legal papers, and it tells exactly how those papers can be served.

Key Takeaways

  • •The credit union must file a form naming the commissioner as its attorney at least 30 days before the California branch opens.
  • •If the credit union never files the form, the law automatically treats the commissioner as its attorney.
  • •Legal papers can be served by leaving a copy at the commissioner’s office, then mailing a notice and a copy to the credit union’s last known address, and filing an affidavit that the steps were followed.

Example

A credit union based in Nevada opens a branch in Los Angeles and a California customer sues it over a loan dispute.

The lawsuit papers are not sent straight to the Nevada credit union. Instead, they are left at the commissioner’s office, and the commissioner then mails a copy of the papers to the credit union’s main office, making sure the credit union gets proper notice.

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

Official Source
View on CA.gov

§ 16007 Foreign Credit Union Service

(a) Not less than 30 days before a foreign (other state) credit union establishes a California branch office or a California facility, the foreign (other state) credit union shall file with the commissioner, in the form that the commissioner may by regulation or order require, an appointment irrevocably appointing the commissioner and the commissioner’s successor from time to time in office to be the foreign (other state) credit union’s attorney to receive service of any lawful process in any noncriminal judicial or administrative proceeding against the foreign (other state) credit union or any of its successors that arises out of the activities of the California branch office or California facility after the appointment has been filed, with the same force and validity as if served personally on the foreign (other state) credit union or its successors, as the case may be. (b) Any foreign (other state) credit union that maintains a California branch office or California facility that has not filed with the commissioner an appointment pursuant to subdivision (a) is deemed by the maintenance of the branch office or facility to have appointed the commissioner as its attorney to receive service of any lawful process in any noncriminal judicial or administrative proceeding against the foreign (other state) credit union or any of its successors that arises out of the activities of the California branch office or California facility, with the same force and validity as if served personally on the credit union or its successor, as the case may be. (c) Service may be made on a foreign (other state) credit union that has appointed or is deemed to have appointed the commissioner as its attorney for service of process by leaving a copy of the process at any office of the commissioner. However, the service is not effective unless (1) the party making the service, who may be the commissioner, forthwith sends notice of the service and a copy of the process by registered or certified mail to the foreign (other state) credit union served at the last address on file with the commissioner for any of the foreign (other state) credit union’s offices in this state or at its head office, and (2) an affidavit of compliance with this subdivision by the party making the service is filed in the case on or before the return date if any, or within any further time that the court, in the case of a judicial proceeding, or the administrative agency, in the case of an administrative proceeding, allows. (Added by Stats. 2000, Ch. 612, Sec. 3. Effective January 1, 2001.)

Last verified: January 11, 2026

Key Terms

foreign (other state) credit unionCalifornia branch officeCalifornia facilitycommissionerattorney to receive service of processservice of process

Related Statutes

  • § 16006 Foreign Credit Union Branch Fees
  • § 16013 Foreign Credit Union Conflicts
  • § 16075 Foreign Credit Union Relocation
  • § 16077 Foreign Credit Union License Surrender
  • § 16001 Credit Union Branch Definitions

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 16007.
View Official Source