Plain English Breakdown
The exact nature of the nonsubstantive change is not described in the provided summary or digest texts.
Banking Law Update
This bill makes a nonsubstantive change to the rule requiring new banks and trust companies to submit their articles of incorporation for approval.
What This Bill Does
- Makes a nonsubstantive change to the provision about submitting articles of incorporation to the commissioner.
Who It Names or Affects
- Corporations forming to conduct commercial banking or trust business
- The Commissioner of Financial Protection and Innovation
Terms To Know
- Articles of incorporation
- Official papers submitted for approval when forming a bank or trust company.
- Nonsubstantive change
- A small edit that does not change the meaning or effect of the law.
Limits and Unknowns
- The text does not explain exactly what words are being changed.
- No effective date is listed in the provided material.