§ 1851 Banks And Corporations

• •Rules that apply to banks also apply to corporations.
• •This means corporations have to follow the same laws as banks in certain situations.
• •The law started being used on January 1, 2012.

A big company wants to handle money like a bank.

Because of this law, the company has to follow the same rules as banks, like keeping customer money safe and not doing sneaky things with it.