§ 1805

Citation: § 1805
Parent Document: Action Apartment Ass'n v. Santa Monica Rent Control Board, 114 Cal. Rptr. 2d 412 (2002)
Jurisdiction: California (state)
Effective Date: 2002-01-03
Original Source: https://www.courtlistener.com/opinion/2274225/action-apartment-assn-v-santa-m... ↗

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(D.Colo. 1985) 610 F.Supp. 950, 960.) “[A] banking corporation is unlike a purely private corporation in that a banking corporation is a quasi-public institution . . . . It is a quasi-public institution in the sense that ‘[t]he whole stream of commerce, whether interstate or intrastate, largely depends upon [its existence].’ . . . ‘ “[B]anks are indispensable agencies through which the industry, trade, and commerce of all civilized countries and communities are carried on; the business which they transact, though for private profit, is of a pre-eminently public nature . . . ” (In re Invol. Dissol. of Battle Creek Bank (1998) 254 Neb. 120, 124-125 [575 N.W.2d 356, 360].)

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