SECTIONS 1410-1412 - California Statutes

FINANCIAL CODE

SECTION 1410-1412

1410. Each industrial bank shall be an insured bank at all times
while it is engaged in the industrial banking business.

1411. Subject to any order or regulation of the commissioner, an
industrial bank may accept deposits evidenced by a deposit account or
by certificates, that are redeemable prior to their stated maturity,
but may not accept demand deposits.

1412. In addition to other provisions of this division that are
otherwise applicable to an industrial bank, the following provisions
of this division apply to the industrial bank as if it were a
California state commercial bank:
(a) Chapter 4 (commencing with Section 490).
(b) Chapter 5 (commencing with Section 600).
(c) Chapter 6 (commencing with Section 750).
(d) Chapter 6.5 (commencing with Section 800).
(e) Chapter 7 (commencing with Section 850).
(f) Chapter 8 (commencing with Section 952).
(g) Chapter 10 (commencing with Section 1200).
(h) Chapter 12 (commencing with Section 1500).
(i) Chapter 13 (commencing with Section 1650).
(j) Chapter 15 (commencing with Section 1900).
(k) Chapter 17 (commencing with Section 3100).
(l) Chapter 18 (commencing with Section 3350).
(m) Chapter 20 (commencing with Section 3600).
(n) Chapter 21 (commencing with Section 3700).
(o) Chapter 21.5 (commencing with Section 3750).
(p) Chapter 22 (commencing with Section 3800).
(q) Division 1.5 (commencing with Section 4800).