BILL NUMBER: AB 942	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Nestande

                        FEBRUARY 22, 2013

   An act to amend Section 117 of the Financial Code, relating to
financial institutions.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 942, as introduced, Nestande. Financial institutions: trust
company.
   Existing law provides for the regulation of financial institutions
and financial services, including, among others, trust companies.
Existing law defines "trust company" as a corporation, industrial
bank, or a commercial bank that is authorized to engage in the trust
business.
   This bill would make nonsubstantive changes to these provisions.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 117 of the Financial Code is amended to read:
   117.  "Trust company" means a corporation, industrial bank, or
 a  commercial bank that is authorized to engage in
 the  trust business.