Cal. Fin. Code § 1340
Current through the 2024 Legislative Session.
Unless specifically authorized by law or by the commissioner, a bank shall not become, act as, or in any other manner assume the duties or liabilities of, a general partner. For purposes of this section, "general partner" has the meaning set forth in subdivision (m) of Section 15901.02 of the Corporations Code.
Ca. Fin. Code § 1340