Section 1550.
Cal. Financial Code - FIN § 1550.
in effectNo corporation shall engage in the trust business unless:
(a)
Its articles comply with the requirements of subdivision (b), (d), or (e) of Section 1100; and
(b)
It has received from the commissioner a certificate of authority pursuant to Section 1042 to engage in the trust business, or, if it is a bank, has received the authorization of the commissioner to
engage in the trust business; and
(c)
It has deposited with the State Treasurer money or securities in compliance with Article 3 (commencing with Section 1570) of this chapter.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026