Bill > AB2621

This bill makes a minor, nonsubstantive change to the Banking Law by amending Section 1041 of the Financial Code, which outlines the process for forming a commercial bank or trust company. Specifically, it changes the pronoun used when referring to the Commissioner of Financial Protection and Innovation, who is the state official responsible for authorizing these financial institutions and approving their articles of incorporation, from "his or her" to "their," reflecting a more inclusive and gender-neutral approach to the language used in the law.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB2621