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Financial Code - FIN - FIN § 1426

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1426

The commissioner is authorized to gather from depository institutions such information as may be necessary for the formulation and promulgation of the regulations required by Section 1424.

Financial Code - FIN - FIN § 1427

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1427

The first regulations issued pursuant to this article shall be issued on or before July 1, 1984.

Financial Code - FIN - FIN § 1428

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1428

The commissioner is authorized to issue regulations which provide for a different period of time for withdrawal as a matter of right against deposited items, if there has been a determination that the application of the regulations adopted pursuant to this article would result in

Financial Code - FIN - FIN § 1429

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1429

(a) Funds deposited in an account at a depository institution shall be available on the second business day after the business day on which those funds are deposited in the case of a cashier’s check, certified check, teller’s check, or depository check subject to the following: (

Financial Code - FIN - FIN § 143

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 143

“Articles” has the meaning set forth in Section 154 of the Corporations Code.

Financial Code - FIN - FIN § 14300

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14300

For purposes of this chapter, the following terms shall have the following meanings: (a) “Officer with a subject institution” means the position of director, officer, or employee with the subject institution. (b) “Subject institution” means any of the following: (1) A California

Financial Code - FIN - FIN § 14301

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14301

Any requirement in this chapter for notice or hearing before the commissioner issues an order may be waived by the person to whom the order is issued.

Financial Code - FIN - FIN § 14302

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14302

(a) The commissioner may bring an action in the name of the people of this state in the superior court to enjoin any violation of, to enforce compliance with, or to collect any penalty or other liability imposed under, this division or any regulation or order issued under this di

Financial Code - FIN - FIN § 14303

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14303

(a) The commissioner may, without any prior notice or hearing, order a person to cease and desist from violating Section 14150 if either of the following criteria are met: (1) The commissioner finds that the person has violated Section 14150. (2) The commissioner finds that there

Financial Code - FIN - FIN § 14304

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14304

If, after notice and a hearing, the commissioner finds any of the factors set forth in subdivision (a) or (b) with respect to a subject institution or subject person, the commissioner may order the subject institution or subject person to cease and desist from the action or viola

Financial Code - FIN - FIN § 14305

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14305

(a) If the commissioner finds that any of the factors set forth in Section 14304 is true with respect to a subject institution or subject person and that the action or violation is likely to have any of the consequences set forth in paragraphs (1) to (4), inclusive, the commissio

Financial Code - FIN - FIN § 14306

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14306

An order issued pursuant to Sections 14303 to 14305, inclusive, may include any of the following provisions: (a) Require the subject institution or subject person to take affirmative action to correct any condition resulting from the action or violation, including any of the foll

Financial Code - FIN - FIN § 14307

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14307

(a) If the commissioner finds that a subject institution’s books or records are so incomplete or inaccurate that the commissioner is unable through the normal supervisory process to determine the financial condition of the subject institution or of the details or purpose of any t

Financial Code - FIN - FIN § 14308

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14308

If, after notice and a hearing, the commissioner finds that any of the factors set forth in subdivision (a), any of the factors set forth in subdivision (b), and any of the factors set forth in subdivision (c) are true with respect to a subject person of a subject institution, th

Financial Code - FIN - FIN § 14309

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14309

(a) If the commissioner finds that any of the factors set forth in subdivision (a) of Section 14308, any of the factors set forth in subdivision (b) of Section 14308, and any of the factors set forth in subdivision (c) of Section 14308 are true with respect to a subject person of

Financial Code - FIN - FIN § 14310

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14310

(a) If the commissioner finds that any of the factors set forth in paragraph (1) and the factor set forth in paragraph (2) are true with respect to a subject person or former subject person of a subject institution, the commissioner may, without any prior notice or hearing, issue

Financial Code - FIN - FIN § 14311

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14311

(a) Any subject institution, subject person of a subject institution, or former subject person of a subject institution to whom an order is issued under Sections 14308 to 14310, inclusive, may apply to the commissioner to modify or rescind the order. In deciding the application,

Financial Code - FIN - FIN § 14312

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14312

(a) For purposes of this section, “subject depository institution” means any of the following: (1) A credit union that is organized under the laws of this state or that maintains an office in this state. (2) An affiliate of an institution specified in paragraph (1). (b) It shall

Financial Code - FIN - FIN § 14313

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14313

If the commissioner finds that any of the factors set forth in subdivisions (a) to (g), inclusive, are true with respect to a California credit union, the commissioner may by order, without any prior notice or hearing, take possession of the property and business of the Californi

Financial Code - FIN - FIN § 14314

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14314

(a) If the commissioner takes possession of the property and business of a California credit union pursuant to Section 14313, the California credit union may, within 10 days, apply to the superior court in the county where its principal executive office is located to enjoin furth

Financial Code - FIN - FIN § 14315

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14315

(a) On taking possession of the business and assets of any credit union as provided in this chapter, the commissioner may proceed to liquidate the credit union in the manner provided by Chapter 7 (commencing with Section 600) of Division 1, and the provisions of that chapter, exc

Financial Code - FIN - FIN § 14316

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14316

The commissioner shall supervise the acts of the liquidating agent or the liquidating committee appointed under this article and may remove the liquidating agent or any member of the liquidating committee in his or her discretion.

Financial Code - FIN - FIN § 14317

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14317

If required by the commissioner, the liquidating agent or the members of the liquidating committee appointed under this article shall provide proof of bond coverage extending to the liquidating agent or members of the liquidating committee. The bond shall include coverage for fra

Financial Code - FIN - FIN § 14318

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14318

If the commissioner retains possession of the assets of a credit union for purposes of liquidation, the commissioner shall use the services of civil service employees of the commissioner’s office and the attorneys employed by the commissioner or the Department of Justice shall re

Financial Code - FIN - FIN § 14319

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 14319

In any case where the commissioner takes possession of a subject institution pursuant to this article without a prior notice or hearing, or takes action against a subject person without prior notice or hearing, the commissioner shall, upon taking possession or taking the action,