Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
(a)No foreign (other nation) bank shall concurrently be licensed to maintain offices of different classes.
(b)Subdivision (a) does not prohibit a foreign (other nation) bank that is licensed to maintain a representative office from being concurrently licensed to maintain an office of a different class or to prohibit a foreign (other nation) bank that is licensed to maintain an office other than a
representative office from being concurrently licensed to maintain a representative office.
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