California CodesBusiness and Professions Code - BPCDivision 7 — General Business RegulationsPart 2 — Preservation and Regulation of CompetitionChapter 6.5 — ReassignmentsSection 17350
With respect to contracts entered into on or after the effective date of this chapter, no financial institution shall enter into a contract which provides for reassignment.
Notes
Prohibits a financial institution from entering a contract that provides for reassignment when the contract is entered into on or after the chapter’s effective date. The restriction applies to contracts made from that effective date forward, making a reassignment provision impermissible in contracts within the stated time scope.
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Lexinter.net | California Code, Business and Professions Code - BPC § 17350 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-7/part-2/chapter-6-5/section-17350