"Corporation subject to the Banking Law" (Division 1
(commencing with Section 99) of the Financial Code) means:
   (a) Any corporation which, with the approval of the Commissioner
of Financial Institutions, is incorporated for the purpose of
engaging in, or which is authorized by the Commissioner of Financial
Institutions to engage in, the commercial banking business under
Division 1 (commencing with Section 99) of the Financial Code.
   (b) Any corporation which, with the approval of the Commissioner
of Financial Institutions, is incorporated for the purpose of
engaging in, or which is authorized by the Commissioner of Financial
Institutions to engage in, the industrial banking business under
Division 1 (commencing with Section 99) of the Financial Code.
   (c) Any corporation (other than a corporation described in
subdivision (d)) which, with the approval of the Commissioner of
Financial Institutions, is incorporated for the purpose of engaging
in, or which is authorized by the Commissioner of Financial
Institutions to engage in, the trust business under Division 1
(commencing with Section 99) of the Financial Code.
   (d) Any corporation which is authorized by the Commissioner of
Financial Institutions and the Commissioner of Insurance to maintain
a title insurance department to engage in title insurance business
and a trust department to engage in trust business; or
   (e) Any corporation which, with the approval of the Commissioner
of Financial Institutions, is incorporated for the purpose of
engaging in, or which is authorized by the Commissioner of Financial
Institutions to engage in, business under Article 1 (commencing with
Section 3500), Chapter 19, Division 1 of the Financial Code.

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Last modified: July 31, 2008