Bill Commons

CA AB 2621

introduced

Banking Law.

California · 2025-2026 Regular Session · lower

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Quick answers

Did CA AB 2621 pass?

Not yet. CA AB 2621 has been introduced but has not advanced to a vote. Latest recorded action (2026-02-21): From printer. May be heard in committee March 23.

What is CA AB 2621 about?

Existing law, the Banking Law, authorizes a corporation to be formed by one or more persons in accordance with the laws of this state for the purpose of conducting a commercial banking business or a trust business, or both of them, when authorized by the Commissioner of Financial Protection and Innovation, as provided. As part of the authorization process, existing law requires the articles of incorporation of the proposed bank or trust company to be submitted to the commissioner for their approval. This bill would make a nonsubstantive change to the provision requiring the articles of incorporation to be submitted to the commissioner for their approval.

Who sponsors CA AB 2621?

Michelle Rodriguez is the primary sponsor of CA AB 2621.

Description

Existing law, the Banking Law, authorizes a corporation to be formed by one or more persons in accordance with the laws of this state for the purpose of conducting a commercial banking business or a trust business, or both of them, when authorized by the Commissioner of Financial Protection and Innovation, as provided. As part of the authorization process, existing law requires the articles of incorporation of the proposed bank or trust company to be submitted to the commissioner for their approval. This bill would make a nonsubstantive change to the provision requiring the articles of incorporation to be submitted to the commissioner for their approval.

Introduced
—
Latest action
2026-02-21 — From printer. May be heard in committee March 23.
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Michelle Rodriguezauthor

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-02-21

    From printer. May be heard in committee March 23.

  2. 2026-02-20

    Read first time. To print.

    reading-1

Versions

Documents

Votes

Not provided by source.

Related bills

No related bills recorded for this bill.

Official source

http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB2621

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z

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