§ 1853 International Banking Corporation Purposes

Financial Code·California

AI SummaryVerified

Key Takeaways

•This law is about banks that work with other countries.
•These banks can do normal bank stuff, like loans and accounts, but only in other countries or U.S. territories.
•They can also do other money-related things as long as it’s not against the law.

Example

A bank in California wants to open a branch in Mexico to help people send money to their families there.

This law says the bank can do that because it’s about working with other countries and doing normal bank stuff.

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

Official Source

View on CA.gov

§ 1853 International Banking Corporation Purposes

The articles of a corporation shall provide that the purpose of the corporation is to engage in the business of international and foreign banking and other international and foreign financial operations, the business of banking and other financial operations in any dependency or insular possession of the United States, and any other lawful activities which are not, by applicable laws or regulations, prohibited to a corporation transacting business under this article. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 23, 2026

Key Terms

articles of a corporation international and foreign banking financial operations dependency or insular possession of the United States

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1853.

§ 1853 International Banking Corporation Purposes

Financial Code·California

AI SummaryVerified

§ 1853 International Banking Corporation Purposes

Key Takeaways

•This law is about banks that work with other countries.
•These banks can do normal bank stuff, like loans and accounts, but only in other countries or U.S. territories.
•They can also do other money-related things as long as it’s not against the law.

Example

A bank in California wants to open a branch in Mexico to help people send money to their families there.

This law says the bank can do that because it’s about working with other countries and doing normal bank stuff.

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

Official Source

View on CA.gov

§ 1853 International Banking Corporation Purposes

Last verified: January 23, 2026

Key Terms

articles of a corporation international and foreign banking financial operations dependency or insular possession of the United States

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1853.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References