§ 1901 Bank Investment Reporting Requirements

Financial Code·California

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Key Takeaways

•Banks that invest in certain companies must share info about those companies if asked.
•The government can check up on these companies whenever they want.
•The company being checked has to pay for the check-up.

Example

A bank buys shares in a tech company. Later, the government asks the bank to share info about the tech company.

The bank must give the info. If the government wants to check the tech company, the tech company has to pay for it.

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

Official Source

View on CA.gov

§ 1901 Bank Investment Reporting Requirements

Every bank investing in the capital stock of any corporation described in Section 1900 shall be required to furnish information concerning the condition of such corporation to the commissioner upon demand, and the commissioner may order special examinations of said corporation at such time or times as he or she may deem appropriate. The cost of such special examinations shall be paid by said corporation. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 23, 2026

Key Terms

bank capital stock corporation commissioner special examinations

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1901.

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Key Takeaways

Example

Key Terms

Related Statutes

References