Corpus browser
179663 records-
Open
Financial Code - FIN - FIN § 15101
Financial Code - FIN - FIN § 15101
Notwithstanding the provisions of Section 15100, if a loan is made for educational purposes and such loan would cause the aggregate of loans to an individual or to any one family to exceed the limitations imposed by subdivision (b) or (c) of Section 15100, such educational loan s
-
Open
Financial Code - FIN - FIN § 15102
Financial Code - FIN - FIN § 15102
(a) Notwithstanding Section 726 of the Code of Civil Procedure or any other provision of law to the contrary, a credit union, an affiliate of a credit union, a credit union service organization, or any successor in interest thereto, that originates, acquires, or purchases, in who
-
Open
Financial Code - FIN - FIN § 15103
Financial Code - FIN - FIN § 15103
A credit union, or the agent of a credit union, that has received a notice pursuant to Section 7507.6 of the Business and Professions Code, shall not make a subsequent assignment to skip trace, locate, or repossess a vehicle without simultaneously, and in the same manner by which
-
Open
Financial Code - FIN - FIN § 1511
Financial Code - FIN - FIN § 1511
Section 1510 shall not apply to investments made pursuant to this section. A bank may invest in shares of an investment company (1) registered with the Securities and Exchange Commission pursuant to the federal Investment Company Act of 1940 (15 U.S.C. Sec. 80a-1 et seq.) and for
-
Open
Financial Code - FIN - FIN § 1512
Financial Code - FIN - FIN § 1512
Notwithstanding Section 1510, a bank may purchase, acquire, or hold the stock of any corporation pursuant to a plan of reorganization approved by the commissioner by which all of the stock of one or more banks organized under the laws of this state shall be acquired and immediate
-
Open
Financial Code - FIN - FIN § 1513
Financial Code - FIN - FIN § 1513
If any commercial bank has made investments which it was authorized to make at the time they were made it shall not be required to dispose of such investments by reason of adoption of the Banking Code, this code, or any amendments to this article.
-
Open
Financial Code - FIN - FIN § 1514
Financial Code - FIN - FIN § 1514
A commercial bank may organize, sponsor, operate, control, or render investment advice to, an investment company, or underwrite, distribute, or sell securities of any investment company which has qualified to sell its securities in this state pursuant to Part 2 (commencing with S
-
Open
Financial Code - FIN - FIN § 1515
Financial Code - FIN - FIN § 1515
A bank or trust company may acquire stock in settlement or reduction of a loan or in exchange for an investment previously made in good faith where the acquisition of the stock is necessary in order to minimize or avoid loss arising out of the loan or investment. The limitation i
-
Open
Financial Code - FIN - FIN § 1520
Financial Code - FIN - FIN § 1520
Whenever the public administrator becomes the administrator of the estate of a decedent who at the time of his death left money on deposit with a commercial bank, the public administrator may allow such deposit to remain in the commercial bank and may deposit therein to the accou
-
Open
Financial Code - FIN - FIN § 15200
Financial Code - FIN - FIN § 15200
Any credit union may, with the approval of the commissioner, merge with another credit union or with a central credit union.
-
Open
Financial Code - FIN - FIN § 15201
Financial Code - FIN - FIN § 15201
(a) The merger shall be made pursuant to any plan agreed upon by the majority of the board of directors of each credit union joining in the merger, and approved by the affirmative vote of at least a majority of the members of the disappearing credit union, in person or by proxy,
-
Open
Financial Code - FIN - FIN § 15202
Financial Code - FIN - FIN § 15202
(a) After the requirement of approval as provided in Section 15201 is satisfied, each credit union shall execute a certificate of merger as an officers’ certificate pursuant to Section 5062 of the Corporations Code that shall set forth: (1) That the plan of merger has been approv
-
Open
Financial Code - FIN - FIN § 15203
Financial Code - FIN - FIN § 15203
Each certificate of merger called for in Section 15202 shall be filed in the office of the Secretary of State. After the filing in the office of the Secretary of State, a copy of each certificate of merger, certified by the Secretary of State, shall be filed with the commissioner
-
Open
Financial Code - FIN - FIN § 15204
Financial Code - FIN - FIN § 15204
(a) Upon any merger effectuated as provided in this article, all property, property rights, and interests of the merged credit union shall vest in the surviving credit union, without deed, endorsement or other instruments of transfer, and all debts, obligations and liabilities of
-
Open
Financial Code - FIN - FIN § 1521
Financial Code - FIN - FIN § 1521
A commercial bank accepting savings deposits shall provide by its bylaws or by contract with its savings depositors the time and condition on which repayment is to be made to such depositors. The bank shall not waive any requirement of notice before payment of any savings deposit
-
Open
Financial Code - FIN - FIN § 1522
Financial Code - FIN - FIN § 1522
For the purposes of any law authorizing or providing for the deposit of funds with a savings bank, a commercial bank accepting savings deposits shall be deemed a savings bank.
-
Open
Financial Code - FIN - FIN § 15250
Financial Code - FIN - FIN § 15250
(a) Whenever the board of directors of a credit union recommends by a vote of a majority of all its members the dissolution of the credit union, the members of the credit union, at any meeting specially called to consider the subject, may elect to dissolve the credit union, by th
-
Open
Financial Code - FIN - FIN § 15251
Financial Code - FIN - FIN § 15251
If the dissolution of the credit union is approved pursuant to subdivision (a) or (b) of Section 15250, the board of directors of the credit union shall elect a committee of three members or may by resolution appoint a liquidating agent to liquidate the assets of the credit union
-
Open
Financial Code - FIN - FIN § 15252
Financial Code - FIN - FIN § 15252
Promptly thereafter the president or vice president and secretary or assistant secretary, or a majority of the committee or the liquidating agent in charge of liquidation, shall sign and verify a certificate stating that the credit union has elected to wind up and dissolve and sh
-
Open
Financial Code - FIN - FIN § 15253
Financial Code - FIN - FIN § 15253
After a vote to dissolve a credit union no business may be carried on by the credit union except in the proper course of liquidation.
-
Open
Financial Code - FIN - FIN § 15254
Financial Code - FIN - FIN § 15254
The committee or the liquidating agent in charge of liquidation may sue in the name and on behalf of the credit union, and may sell or otherwise dispose of the assets of the credit union, in whole or in part, at public or private sale.
-
Open
Financial Code - FIN - FIN § 15255
Financial Code - FIN - FIN § 15255
After determining that all known debts and liabilities of the credit union have been paid or adequately provided for, the committee or the liquidating agent in charge of liquidation shall distribute all the remaining assets of the credit union among the members or shareholders. E
-
Open
Financial Code - FIN - FIN § 15257
Financial Code - FIN - FIN § 15257
When a credit union has completely wound up, all of its known debts and liabilities actually paid or adequately provided for or paid as far as its assets permit, and its known assets distributed, a majority of the committee or the liquidating agent in charge of liquidation shall
-
Open
Financial Code - FIN - FIN § 15258
Financial Code - FIN - FIN § 15258
The certificate of dissolution shall be filed in the office of the Secretary of State and copies, certified by him, shall be filed in the office of the commissioner.
-
Open
Financial Code - FIN - FIN § 15259
Financial Code - FIN - FIN § 15259
At any time during the liquidation process, the committee or the liquidating agent in charge of liquidation may be relieved of their duties at the discretion of the commissioner and the commissioner shall thereafter act as the liquidating agent or appoint a liquidating agent to c