Section 57605.

Cal. Government Code - GOV § 57605.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
For the purposes of Section 1280 of the Financial Code, any person or entity, including a local agency, that owns, controls, or holds an ownership interest in a public bank is not a bank holding company by reason of that ownership interest.

References

referencesCal. Financial Code - FIN § 1280.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements