# Cal. FIN § 1757: Section 1757

> California · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1757

## Section

- **Citation:** Cal. FIN § 1757
- **Heading:** Section 1757
- **Jurisdiction:** California
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** California Code / Code fin / Division 1.1 / Chapter 20 / Article 1 / Section 1757

## Text

(a) In this section, “act” includes (without limitation) omission.

(b) For purposes of making findings on an application by a foreign (other nation) bank for approval to establish an office:

(1) The commissioner may, in the absence of credible evidence to the contrary, presume that the directors, executive officers, and any controlling person of the bank and the directors and executive officers of any controlling person of the bank are each of good character and sound financial standing.

(2) The commissioner may find that the bank, a director, executive officer, or a controlling person of the bank, or a director or executive officer of a controlling person of the bank is not of good character if that person has done any of the following:

(A) Has been convicted of, or has pleaded nolo contendere to, any crime involving an act of fraud or dishonesty.

(B) Has consented to or suffered a judgment in any civil action based upon conduct involving an act of fraud or dishonesty.

(C) Has consented to or suffered the suspension or revocation of any professional, occupational, or vocational license based upon conduct involving an act of fraud or dishonesty.

(D) Has willfully made or caused to be made in any application or report filed with the commissioner or in any proceeding before the commissioner, any statement that was at the time and in the light of the circumstances under which it was made false or misleading with respect to any material fact, or has willfully omitted to state in any application or report filed with the commissioner or in any proceeding before the commissioner, any material fact that was required to be stated therein.

(E) Has willfully committed any violation of, or has willfully aided, abetted, counseled, commanded, induced, or procured the violation by any other person of, any provision of this division or of any regulation or order issued under this division.

(c) Paragraph (2) of subdivision (b) shall not be deemed to be an exclusive list of the grounds upon which the commissioner may find, for purposes of making findings on an application by a foreign (other nation) bank for approval to establish an office, that the bank, a director, executive officer, or controlling person of the bank, or a director or executive officer of a controlling person of the bank is not of good character.

## Nearby sections

- [Cal. FIN § 1750 Section 1750](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1750.md)
- [Cal. FIN § 1751 Section 1751](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1751.md)
- [Cal. FIN § 1752 Section 1752](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1752.md)
- [Cal. FIN § 1753 Section 1753](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1753.md)
- [Cal. FIN § 1754 Section 1754](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1754.md)
- [Cal. FIN § 1755 Section 1755](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1755.md)
- [Cal. FIN § 1756 Section 1756](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1756.md)
- [Cal. FIN § 1757 Section 1757](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1757.md)
- [Cal. FIN § 1758 Section 1758](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1758.md)
- [Cal. FIN § 1759 Section 1759](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1759.md)
- [Cal. FIN § 1760 Section 1760](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1760.md)
- [Cal. FIN § 1761 Section 1761](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1761.md)
- [Cal. FIN § 1762 Section 1762](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1762.md)
- [Cal. FIN § 1763 Section 1763](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1763.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C20_A1_S1757. Check the current official text before relying on it. Not legal advice.