California § 16553 - The approval of an application for approval to establish a branch office or agenc
Full text of California Public Contract Code - PCC § 16553 — The approval of an application for approval to establish a branch office or agenc, with citation guidance and answers to common questions.
§ 16553. The approval of an application for approval to establish a branch office or agenc
The approval of an application for approval to establish a branch office or agency shall be revoked by operation of law if the applicant foreign (other nation) credit union does not establish and maintain the office within one year after the date of the approval, unless prior to the expiration of the one-year period the commissioner extends the time within which the foreign (other nation) credit union may establish the branch office or agency.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 16553
What does Public Contract Code - PCC § 16553 cover?
Section 16553 ("The approval of an application for approval to establish a branch office or agenc") 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 § 16553?
A common citation format is "Public Contract Code - PCC § 16553" (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 § 16553 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.