Section 1687 Of Article 2. California Branch Offices From California Financial Code >> Division 1.1. >> Chapter 19. >> Article 2.
1687
. (a) In case a foreign (other state) state bank that maintains
a California branch office is a commercial bank, in addition to
other provisions of this division and Division 1 (commencing with
Section 99) that are otherwise applicable to the bank, the following
provisions of this division apply to the bank with respect to its
business in this state as if the bank were a California state
commercial bank:
(1) Chapter 10 (commencing with Section 1320).
(2) Chapter 12 (commencing with Section 1400).
(3) Chapter 13 (commencing with Section 1450).
(4) Sections 1487, 1488, 1514, 1520, and 1522.
(5) Chapter 17 (commencing with Section 1620).
(b) In case a foreign (other state) state bank that maintains a
California branch office is an industrial bank, in addition to other
provisions of this division and Division 1 (commencing with Section
99) that are otherwise applicable to the bank, the provisions cited
in paragraphs (1) to (7), inclusive, of subdivision (a) and the
provisions of Chapter 15 (commencing with Section 1530) apply to the
industrial bank with respect to its business in this state as if the
bank were a California state industrial bank.
(c) In case a foreign (other state) state bank that maintains a
California branch office is authorized pursuant to the law of its
domicile to transact trust business, in addition to other provisions
of this division and Division 1 (commencing with Section 99) that are
otherwise applicable to the bank, the following provisions of
Chapter 16 (commencing with Section 1550) apply to the bank with
respect to its business in this state as if the bank were a
California state bank authorized to transact trust business:
(1) Article 3 (commencing with Section 1570). For purposes of
Article 3 (commencing with Section 1570), the bank's principal place
of business is deemed to be situated in the city in which its
California branch office is located or, if it maintains California
branch offices in two or more cities, in the city with the largest
population.
(2) Article 4 (commencing with Section 1580), except Section 1580.
(3) Article 5 (commencing with Section 1600), except Sections
1583, 1584, 1585, 1588, and 1590.
(d) Subject to the provisions of subdivision (d), in case a
foreign (other state) state bank that maintains a California branch
office is authorized pursuant to the law of its domicile to transact
trust business, the bank may engage in and conduct trust business in
this state and may be appointed by any court to act in any fiduciary
capacity in which a California state trust company is authorized to
act.
(e) No foreign (other state) state bank that maintains a
California branch office may transact at the branch office any
business that it is not authorized to transact or is prohibited from
transacting under the law of its domicile or that banks organized
under the laws of this state are not authorized to transact or are
prohibited from transacting.
(f) Whenever any provision of this chapter or of any regulation or
order issued under this chapter that is applicable to or with
respect to a foreign (other state) state bank that maintains a
California branch office is inconsistent with any provision of any
other chapter of this division, the former provision applies, and the
latter provision does not apply.