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Financial Code - FIN - FIN § 1042
Financial Code - FIN - FIN § 1042
If the commissioner finds that the proposed bank or trust company has in good faith complied with all the requirements of law and fulfilled all the conditions precedent to commencing business imposed by this code or by regulation, the commissioner shall, within 30 days after the
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Financial Code - FIN - FIN § 1043
Financial Code - FIN - FIN § 1043
It shall be unlawful to accept payment of subscriptions for shares of any corporation proposing to engage in the banking or trust business unless authority to organize such corporation has been granted by the commissioner.
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Financial Code - FIN - FIN § 1044
Financial Code - FIN - FIN § 1044
No corporation organized to transact a commercial banking or trust business shall transact any business until the commissioner has issued his or her certificate authorizing it to transact such business. No bank or trust company shall incur any indebtedness except that which is in
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Financial Code - FIN - FIN § 1045
Financial Code - FIN - FIN § 1045
If the proposed bank or trust company fails to file evidence of incorporation and organization with the commissioner pursuant to Section 1041 within one year after the approval of the application for authority to organize the bank or trust company, the right to organize the bank
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Financial Code - FIN - FIN § 1046
Financial Code - FIN - FIN § 1046
If the proposed bank or trust company fails to open for business within 90 days after the issuance of the certificate of authorization, the right to transact business automatically terminates. The commissioner, however, for good cause on written application filed before the end o
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Financial Code - FIN - FIN § 1047
Financial Code - FIN - FIN § 1047
It is unlawful to apply any part of the funds collected from subscribers or shareholders to the payment of commissions or fees for obtaining subscriptions or selling shares or, except with the prior approval of the commissioner, to the payment of preopening noncapital expenditure
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Financial Code - FIN - FIN § 1048
Financial Code - FIN - FIN § 1048
Every bank and trust company shall keep posted in a conspicuous place in its banking room at its head office the certificate of authority to transact a banking or trust business issued by the commissioner.
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Financial Code - FIN - FIN § 105
Financial Code - FIN - FIN § 105
Banks are divided into the following classes: (a) Commercial banks. (b) Industrial banks. (c) Trust companies.
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Financial Code - FIN - FIN § 107
Financial Code - FIN - FIN § 107
“Commercial bank” means a corporation organized for the purpose of engaging in the commercial banking business.
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Financial Code - FIN - FIN § 1070
Financial Code - FIN - FIN § 1070
For purposes of this chapter, the following definitions apply: (a) “Automated teller machine” means any electronic information processing device used by a financial institution and its customers for the primary purpose of executing transactions solely between the financial instit
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Financial Code - FIN - FIN § 1071
Financial Code - FIN - FIN § 1071
The commissioner shall issue a certificate in duplicate authorizing a bank to establish and maintain an office. A bank shall pay a fee of twenty-five dollars ($25) for every certificate the commissioner issues pursuant to this section.
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Financial Code - FIN - FIN § 1072
Financial Code - FIN - FIN § 1072
Every bank shall establish and maintain a head office which shall be located in this state.
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Financial Code - FIN - FIN § 1073
Financial Code - FIN - FIN § 1073
A bank, with the approval of its board, may establish and maintain one or more offices.
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Financial Code - FIN - FIN § 1074
Financial Code - FIN - FIN § 1074
A bank, with the approval of its board, may relocate an office.
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Financial Code - FIN - FIN § 1075
Financial Code - FIN - FIN § 1075
A bank, with the approval of its board, may redesignate offices.
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Financial Code - FIN - FIN § 1076
Financial Code - FIN - FIN § 1076
Each time a bank establishes an office, relocates an office, or redesignates an office, the bank shall, within 10 days of the establishment, relocation, or redesignation of the offices, file a notice with the commissioner. The notice shall include: (a) The type of office or offic
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Financial Code - FIN - FIN § 1077
Financial Code - FIN - FIN § 1077
On or before January 1 of each year, every bank shall file with the commissioner a list of all offices that are currently maintained and operated by the bank. The report shall designate the type of each office that is being maintained and operated, and the complete address of eac
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Financial Code - FIN - FIN § 1078
Financial Code - FIN - FIN § 1078
(a) A bank may close or discontinue the operation of any branch office if, before the closing or discontinuance, (1) the bank files with the commissioner a notice containing the information in subdivision (b), and (2) the commissioner within 60 days after the filing of the notice
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Financial Code - FIN - FIN § 1079
Financial Code - FIN - FIN § 1079
If the commissioner finds for any reason that the establishment, relocation, or redesignation of office would be unsafe or unsound for a bank, the commissioner may order the bank not to establish, relocate, or redesignate offices without the prior approval of the commissioner. Th
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Financial Code - FIN - FIN § 1080
Financial Code - FIN - FIN § 1080
If a bank violates any provision of this chapter or fails to comply with any order, the commissioner may levy a penalty against the bank pursuant to Section 329.
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Financial Code - FIN - FIN § 1081
Financial Code - FIN - FIN § 1081
A bank, with the approval of its board, may discontinue a facility office. Within 10 days of the date of the closure of the facility office, the bank shall file a notice of that discontinuance with the commissioner. The notice shall contain the information required by Section 107
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Financial Code - FIN - FIN § 1082
Financial Code - FIN - FIN § 1082
Any bank that establishes a branch office in this state in accordance with Section 36(g)(1)(A) of the National Bank Act (12 U.S.C. Sec. 36(g)(1)(A)), or Section 18(d)(4)(A)(i) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1828(d)(4)(A)(i)), as those sections were amended b
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Financial Code - FIN - FIN § 1083
Financial Code - FIN - FIN § 1083
(a) A bank may participate in a financial education program that involves receiving deposits or paying withdrawals on the premises of, or at a facility used by, a school. The school premises or facility will not be considered a branch office of the bank, as that term is defined i
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Financial Code - FIN - FIN § 109
Financial Code - FIN - FIN § 109
“Commercial banking business” includes, but is not limited to, the business of soliciting, receiving, or accepting of money or its equivalent on deposit as a regular business whether the deposit is made subject to check or is evidenced by a certificate of deposit, a passbook, a n
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Financial Code - FIN - FIN § 1090
Financial Code - FIN - FIN § 1090
This chapter is known and may be cited as the “Bank Extraordinary Situation Closing Act.”