March 24, 1986 Re: California State Bank Dear Mr. _________: In response to your inquiry, nothing in the California Financial Code precludes a bank from having more than one subsidiary established pursuant to Section 751.3. Each subsidiary would be viewed as a... Read MoreRead more about 86-2
March 7, 1986 Dear Mr: ________: This is in response to your letter of February 12, 1986 requesting an interpretation of Sections 751.3 and 1220, regarding which prevails in determining the loan limitations of obligations of a subsidiary of ________. Although Section... Read MoreRead more about 86-1