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Financial Code - FIN - FIN § 16511

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16511

Each foreign (other nation) credit union that is licensed to establish an office shall conduct all of the business of the office in a single building or in adjoining buildings. However, with the approval of the commissioner, the foreign (other nation) credit union may conduct par

Financial Code - FIN - FIN § 16512

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16512

Whenever any provision of this chapter or of any regulation or order issued under this chapter that is applicable to or with respect to a foreign (other nation) credit union that maintains a branch office or facility is inconsistent with any provision of any other chapter of this

Financial Code - FIN - FIN § 16525

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16525

(a) No foreign (other nation) credit union shall establish or maintain an office in this state at which it engages in representational functions unless it is licensed to maintain a representative office, agency, or branch office at that place. (b) (1) No person shall establish or

Financial Code - FIN - FIN § 16526

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16526

(a) No foreign (other nation) credit union shall establish or maintain a representative office unless the commissioner shall have first approved the establishment of the office and issued a license authorizing the foreign (other nation) credit union to maintain the office. (b) If

Financial Code - FIN - FIN § 16527

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16527

(a) No foreign (other nation) credit union that is licensed to maintain a representative office shall relocate the office unless the commissioner shall have first approved the relocation and issued a license authorizing the credit union to maintain the office at the new site. (b)

Financial Code - FIN - FIN § 16528

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16528

A foreign (other nation) credit union that is licensed to maintain a representative office may, subject to any regulations that the commissioner may prescribe, engage in representational functions at the office but shall not solicit or accept share accounts or deposits or otherwi

Financial Code - FIN - FIN § 16529

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16529

(a) (1) No foreign (other nation) credit union that is licensed to maintain a representative office shall close the office unless the commissioner shall have first approved the closing. (2) Paragraph (1) shall not be deemed to prohibit a foreign (other nation) credit union that i

Financial Code - FIN - FIN § 16530

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16530

The approval of an application for approval to establish a representative office shall be revoked by operation of law if the applicant foreign (other nation) credit union does not establish and maintain the office within one year after the date of the approval, unless prior to th

Financial Code - FIN - FIN § 16550

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16550

(a) No foreign (other nation) credit union shall transact business in this state except at a branch office or agency that it is licensed to maintain and at which it is permitted by this chapter to transact the business transacted. (b) Subdivision (a) shall not be deemed to prohib

Financial Code - FIN - FIN § 16551

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16551

No foreign (other nation) credit union shall be licensed to maintain a branch office or agency unless it is qualified to transact intrastate business in this state under Chapter 21 (commencing with Section 2100) of Division 1 of Title 1 of the Corporations Code, except as provide

Financial Code - FIN - FIN § 16552

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16552

(a) No foreign (other nation) credit union shall establish or maintain a branch office or agency unless the commissioner shall have first approved its establishment and issued a license authorizing the foreign (other nation) credit union to maintain the branch office or agency. (

Financial Code - FIN - FIN § 16553

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16553

The approval of an application for approval to establish a branch office or agency shall be revoked by operation of law if the applicant foreign (other nation) credit union does not establish and maintain the office within one year after the date of the approval, unless prior to

Financial Code - FIN - FIN § 16554

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16554

(a) No foreign (other nation) credit union which is licensed to maintain a branch office or agency shall relocate the office unless the commissioner shall have first approved the relocation and issued a license authorizing the foreign (other nation) credit union to maintain the o

Financial Code - FIN - FIN § 16555

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16555

(a) (1) No foreign (other nation) credit union that is licensed to maintain a branch office or agency shall close the office unless the commissioner shall have first approved the closing. (2) Paragraph (1) shall not be deemed to prohibit a foreign (other nation) credit union that

Financial Code - FIN - FIN § 1660

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1660

This chapter does not apply to any of the following transactions: (a) An acquisition of control of a California state bank that requires the approval of the commissioner under Chapter 7 (commencing with Section 1250). (b) A sale or merger that requires the approval of the commiss

Financial Code - FIN - FIN § 16600

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16600

(a) A foreign (other nation) credit union that has a license to establish and maintain an office may engage in activities at the office as may be authorized under applicable laws of its home country and the laws of this state. (b) Nothing in subdivision (a) authorizes a foreign (

Financial Code - FIN - FIN § 16601

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16601

(a) A foreign (other nation) credit union may not expand its field of membership in this state without first obtaining the commissioner’s approval. (b) An application for the commissioner’s approval of an expansion of the field of membership in this state by a foreign (other nati

Financial Code - FIN - FIN § 16602

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16602

(a) The following provisions of this code apply to a foreign (other nation) credit union that maintains a branch office or agency with respect to its business in this state as if the foreign (other nation) credit union were a credit union organized under the laws of this state: (

Financial Code - FIN - FIN § 16603

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16603

(a) Any foreign (other nation) credit union that is authorized to and does maintain a branch office or agency is exempted from the restrictions of Section 1 of Article XV of the California Constitution relating to rates of interest upon the loan or forbearance of any money, goods

Financial Code - FIN - FIN § 16604

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16604

(a) A foreign (other nation) credit union which is licensed to establish and maintain an office or offices shall keep the assets of the offices separate and apart from the assets of its business outside this state. (b) Persons who are creditors of a foreign (other nation) credit

Financial Code - FIN - FIN § 16605

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16605

(a) In this section: (1) “Adjusted liabilities,” when used with respect to a foreign (other nation) credit union, means the liabilities of the foreign (other nation) credit union’s business in this state, determined in accordance with generally accepted accounting principles, but

Financial Code - FIN - FIN § 16607

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 16607

(a) In this section: (1) “Adjusted liabilities,” when used with respect to a foreign (other nation) credit union that is licensed to maintain a branch office, means the liabilities of the foreign (other nation) credit union’s business in this state, excluding (A) accrued expenses

Financial Code - FIN - FIN § 1661

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1661

Each application filed with the commissioner for an approval under this chapter shall be in the form, shall contain the information, shall be signed in the manner, and shall, if the commissioner requires by regulation or order, be verified in the manner that the commissioner may

Financial Code - FIN - FIN § 1662

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1662

The fee for filing with the commissioner an application for an approval under this chapter is two thousand five hundred dollars ($2,500).

Financial Code - FIN - FIN § 1663

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 1663

(a) The definitions that are set forth in or are applicable to Section 3(d) of the Bank Holding Company Act of 1956 (12 U.S.C. Sec. 1842(d)) apply to this section. (b) The commissioner may approve an acquisition by a bank holding company that is subject to Section 3(d)(2)(B) and