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Financial Code - FIN - FIN § 1362

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1362

Sections 215.2, 215.3, 215.4, 215.5, 215.8, and 215.9 of Regulation O in all of their particulars, including footnotes, are hereby referred to, incorporated by reference into this article, and adopted, subject to the following: (a) The term “this Subpart,” as used in the referenc

Financial Code - FIN - FIN § 1363

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1363

No bank shall extend credit in an aggregate amount greater than the amount permitted in paragraph (4) of subdivision (c) of Section 215.5 of Regulation O to any company that is majority owned by one or more executive officers of the bank, individually or collectively. For purpose

Financial Code - FIN - FIN § 1364

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1364

In making any extension of credit that is subject to this article, a bank shall comply with all other applicable provisions of this division relating to extensions of credit by banks.

Financial Code - FIN - FIN § 1365

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1365

No provision of this article or of Article 3 (commencing with Section 1480) of Chapter 14 shall apply to an advance of money made by a bank pursuant to Section 317 of the Corporations Code.

Financial Code - FIN - FIN § 1366

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1366

A bank may make a loan, otherwise complying with the provisions of this division, for the benefit of a trust, notwithstanding that the bank or any one or more executive officers or directors of the bank are trustees of the trust.

Financial Code - FIN - FIN § 1367

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1367

Any bank that makes an extension of credit in violation of this article is subject to a civil penalty pursuant to Section 329. Any person, other than the bank making the extension of credit, who knowingly makes or procures an extension of credit in violation of this article is gu

Financial Code - FIN - FIN § 137

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 137

“Approved by (or approval of) the board” means approved or ratified by the vote of the board or by the vote of a committee authorized to exercise the powers of the board, except as to any matter not within the competence of the committee under Section 311 of the Corporations Code

Financial Code - FIN - FIN § 1380

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1380

In this chapter, unless the context otherwise requires: (a) “Authorized agency activities” means receiving deposits, renewing time deposits, closing loans, servicing loans, and receiving payments on loans and other obligations. “Authorized agency activities” includes ministerial

Financial Code - FIN - FIN § 1381

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1381

This chapter does not apply to a California state bank having an insured depository institution engage in authorized agency activities as its agent or to a California state bank engaging in authorized agency activities as agent for an insured depository institution in any case ot

Financial Code - FIN - FIN § 1382

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1382

(a) In this section, “affiliated,” when used with respect to a California state bank and an insured depository institution, means that the California state bank controls the insured depository institution, the insured depository institution controls the California state bank, or

Financial Code - FIN - FIN § 1384

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1384

Notwithstanding the provisions of Chapter 4 (commencing with Section 1070), a California state bank may, with the prior approval of the commissioner and subject to any regulations that the commissioner may prescribe, have an insured depository institution engage in authorized age

Financial Code - FIN - FIN § 1385

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1385

An application by a California state bank for approval to have an insured depository institution engage in authorized agency activities as its agent shall be in the form, shall contain the information, shall be signed in the manner, and shall, if the commissioner so requires by r

Financial Code - FIN - FIN § 1386

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1386

An application by a California state bank for approval to have an insured depository institution engage in authorized agency activities as its agent shall be accompanied by a filing fee of two hundred fifty dollars ($250).

Financial Code - FIN - FIN § 1387

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1387

In determining whether to approve or deny an application by a California state bank for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following: (a) Whether the proposed agency a

Financial Code - FIN - FIN § 1388

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1388

No California state bank may have an insured depository institution conduct as its agent any activity that the California state bank is prohibited from conducting itself.

Financial Code - FIN - FIN § 1389

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1389

No office of an insured depository institution that is performing authorized agency activities as agent for a California state bank in accordance with this article shall, on that account, be deemed to be an office of the California state bank.

Financial Code - FIN - FIN § 139

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 139

“Approved by (or approval of) the outstanding shares” has the meaning set forth in Section 152 of the Corporations Code and shall include approval by the affirmative vote of a majority of the outstanding shares of each class or series entitled, by any provision of the articles, o

Financial Code - FIN - FIN § 1390

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1390

If the commissioner finds that any activity performed by an insured depository institution as agent for a California state bank is not an authorized agency activity or that the agency arrangement is inconsistent with safe and sound banking practices, the commissioner may order th

Financial Code - FIN - FIN § 1391

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1391

Notwithstanding the provisions of Chapter 4 (commencing with Section 1070), a California state bank may, with the prior approval of the commissioner and subject to any regulations that the commissioner may prescribe, engage in authorized agency activities as agent for an insured

Financial Code - FIN - FIN § 1392

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1392

An application by a California state bank for approval to engage in authorized agency activities as agent for an insured depository institution shall be in the form, shall contain the information, shall be signed in the manner, and shall, if the commissioner so requires by regula

Financial Code - FIN - FIN § 1393

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1393

An application by a California state bank for approval to engage in authorized agency activities as agent for an insured depository institution shall be accompanied by a filing fee of two hundred fifty dollars ($250).

Financial Code - FIN - FIN § 1394

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1394

In determining whether to approve or deny an application by a California state bank for approval to engage in authorized agency activities as agent for an insured depository institution, the commissioner shall consider both of the following factors: (a) Whether the proposed agenc

Financial Code - FIN - FIN § 1395

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1395

No California state bank may conduct any activity as an agent for an insured depository institution that the California state bank would be prohibited from conducting as a principal.

Financial Code - FIN - FIN § 1396

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1396

(a) No office of a California state bank that conducts authorized agency activities as agent for an insured depository institution in accordance with this article shall, on that account, be deemed to be an office of the insured depository institution. (b) For purposes of this div

Financial Code - FIN - FIN § 1397

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1397

If the commissioner finds that any activities performed by a California state bank as agent for an insured depository institution are not authorized agency activities or that the agency arrangement is inconsistent with safe and sound banking practices, the commissioner may order