Section 1384 Of Article 2. California State Bank As Principal From California Financial Code >> Division 1.1. >> Chapter 11. >> Article 2.

. Notwithstanding the provisions of Chapter 4 (commencing with Section 1070), a California state bank may, with the prior approval of the commissioner and subject to any regulations that the commissioner may prescribe, have an insured depository institution engage in authorized agency activities as its agent.