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AB 2621

California - Session 2025-2026

Assembly in_committee 2026-02-21
Bill Details

Title: Banking Law.

Summary

Existing law, the Banking Law, authorizes a corporation to be formed by one or more persons in accordance with the laws of this state for the purpose of conducting a commercial banking business or a trust business, or both of them, when authorized by the Commissioner of Financial Protection and Innovation, as provided. As part of the authorization process, existing law requires the articles of incorporation of the proposed bank or trust company to be submitted to the commissioner for their approval. This bill would make a nonsubstantive change to the provision requiring the articles of incorporation to be submitted to the commissioner for their approval.

Sponsor
Michelle Rodriguez
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-20 Introduced Bill introduced
2026-02-21 Status in_committee
2026-02-21 Latest Action From printer. May be heard in committee March 23.
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