California § 1551 - Any commercial bank or industrial bank, with the prior authorization of the commi
Full text of California Public Contract Code - PCC § 1551 — Any commercial bank or industrial bank, with the prior authorization of the commi, with citation guidance and answers to common questions.
§ 1551. Any commercial bank or industrial bank, with the prior authorization of the commi
Any commercial bank or industrial bank, with the prior authorization of the commissioner, may engage in the trust business, if its articles comply with the requirements of subdivision (b) of Section 1100. Any bank so authorized shall, in the conduct of its trust business, comply with and be governed by all of the provisions of this chapter, except the provisions of Section 1580. An application for such authorization shall be in such form and contain such information as the commissioner may require, and be accompanied by a fee of one thousand dollars ($1,000).
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1551
What does Public Contract Code - PCC § 1551 cover?
Section 1551 ("Any commercial bank or industrial bank, with the prior authorization of the commi") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1551?
A common citation format is "Public Contract Code - PCC § 1551" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1551 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.