Section 16021 Of Article 2. Establishment Of A California Branch Office Or California Facility From California Financial Code >> Division 5. >> Chapter 11. >> Article 2.
16021
. (a) No foreign (other state) credit union shall establish or
maintain a California branch office unless the commissioner shall
have first approved its establishment and issued a license
authorizing the foreign (other state) credit union to maintain the
California branch office.
(b) Notwithstanding subdivision (a), this article does not apply
to any branch office or other office in this state of a foreign
(other state) credit union that was established prior to January 1,
2001, in compliance with existing law.