Section 1670 Of Article 1. General Provisions From California Financial Code >> Division 1.1. >> Chapter 19. >> Article 1.
1670
. In this chapter, unless the context otherwise requires:
(a) "Branch business unit" has the meaning set forth in
subdivision (a) of Section 4840.
(b) "Core banking business" means the business of receiving
deposits, paying checks, making loans, and other activities that the
commissioner may specify by order or regulation. "Core banking
business," when used to describe the trust business, includes
receiving fiduciary assets and administering fiduciary accounts.
(c) "Facility," when used with respect to a foreign (other state)
bank, means an office in this state at which the bank engages in
noncore banking business but at which it does not engage in core
banking business.
(d) "Noncore banking business" means all activities permissible
for commercial banks, industrial banks, or trust companies, except
core banking business, and except those activities prohibited by law
or determined by the commissioner by regulation or order not to be
noncore banking business.
(e) "Whole business unit" has the meaning set forth in subdivision
(g) of Section 4840.