Corpus browser

Financial Code - FIN - FIN § 6516

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6516

(a) Subject to regulations issued by the commissioner, an association may own and use or participate in the use or ownership and use of remote service units. (b) A remote service unit is not a branch or agency.

Financial Code - FIN - FIN § 6517

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6517

Subject to Regulation E (12 CFR Part 205) and to rules and regulations of the commissioner, an association may transfer funds between holders of savings accounts, and third parties, or their designees, by means of an electronic funds transfer system. No system or any part of it,

Financial Code - FIN - FIN § 6518

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6518

(a) An association may maintain and rent safes, boxes, or other receptacles or premises for the safekeeping of personal property upon terms and conditions that may be agreed upon. (b) An association that rents or otherwise makes safe-deposit boxes available to the public is entit

Financial Code - FIN - FIN § 6519

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6519

An association may sell money orders, travel checks, and similar instruments drawn by it on its bank accounts or as agent for any organization empowered to sell the instruments through agents within this state.

Financial Code - FIN - FIN § 652

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 652

When any plan of reorganization becomes effective, all books, records, and assets of the licensee shall be disposed of in accordance with the provisions of the plan and the affairs of the licensee shall be conducted by its board in the manner provided by the plan and under the co

Financial Code - FIN - FIN § 6520

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6520

An association, service corporation, or a person authorized in writing by an association may act as an agent for others except that an association may not act as an insurer or transact insurance as agent for an insurer. Any savings and loan association holding company or any serv

Financial Code - FIN - FIN § 6521

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6521

(a) Notwithstanding the provisions of Division 6 (commencing with Section 17000) or any other provision of law, an association or service corporation may act as an escrow agent in connection with the sale, transfer, encumbering or leasing of real or personal property. (b) The nam

Financial Code - FIN - FIN § 6522

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6522

(a) An association that declares and pays dividends may distribute its own shares or may make payments in cash or property. Payment of cash or property shall be made only if there is a sufficient balance of unappropriated retained earnings which is that portion of income retained

Financial Code - FIN - FIN § 6523

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6523

(a) An association may use advertising, whether printed, broadcasted by radio, televised, displayed, or communicated in any other manner or make any representation that is accurate and does not misrepresent its services, contracts, investments, or financial condition. (b) The com

Financial Code - FIN - FIN § 6524

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6524

An association 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 Sect

Financial Code - FIN - FIN § 6525

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6525

(a) Notwithstanding the provisions of Sections 1051, 1052, and 1054 of the Labor Code and Section 2947 of the Penal Code, an association, a subsidiary or affiliate of an association, or any officer or employee thereof may deliver fingerprints taken of a director, an officer, an e

Financial Code - FIN - FIN § 6525.5

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6525.5

Except with the prior written consent of the commissioner: (a) No person who has been convicted of any criminal offense involving dishonesty or breach of trust may participate, directly or indirectly, in any manner in the conduct of the affairs of a savings association. (b) A sav

Financial Code - FIN - FIN § 6526

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6526

An association may issue commercial and standby letters of credit in conformance with the Uniform Commercial Code or the Uniform Customs and Practice for Documentary Credits Act and may pledge collateral to secure its obligations thereunder. Except as otherwise provided by regula

Financial Code - FIN - FIN § 6527

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6527

If a loan or other investment is authorized under more than one section of this division an association may designate under which section the loan or investment has been made. Such a loan or investment may be apportioned among appropriate categories, and may be moved, in whole or

Financial Code - FIN - FIN § 6528

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6528

An association may provide correspondent services primarily to other depository institutions to the extent that the activity does not violate other provisions of law. (a) An association may maintain a noninterest-bearing account at any institution at which accounts are insured by

Financial Code - FIN - FIN § 6529

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6529

(a) No affiliated person of a savings association may receive, either directly or indirectly, from the association, a subsidiary thereof, or any other source any fee or other compensation of any kind in connection with the procurement of a loan from that association or subsidiary

Financial Code - FIN - FIN § 6530

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6530

(a) No savings association may discharge or otherwise discriminate against any employee with respect to compensation, terms, conditions, or privileges of employment because the employee (or any person acting pursuant to the request of the employee) provided information to the com

Financial Code - FIN - FIN § 6550

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6550

(a) A branch office is a legally established place of business of an association other than the home office, a remote service unit, or any agency, authorized by the board of directors and approved by the commissioner, where the business of an association may be conducted. (b) An

Financial Code - FIN - FIN § 6551

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6551

(a) An agency of an association is a place or facility, stationary or mobile, other than the home office, a remote service unit, or a branch office, at or through which the association may transact business that is specified by the board of directors and approved by the commissio

Financial Code - FIN - FIN § 6552

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6552

No association may establish or maintain a branch office or agency without the prior written approval of the commissioner, except that temporary and incidental agencies may be created for individual transactions and for special temporary purposes without approval.

Financial Code - FIN - FIN § 6553

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6553

(a) Each application for approval of the establishment and maintenance of a branch office or one or more agencies shall include the following: (1) The proposed location of the branch or agency. (2) The functions to be performed at the branch or agency. (3) Any additional informat

Financial Code - FIN - FIN § 6554

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6554

Upon receipt of a complete application for a branch office, the commissioner shall give written notice of the filing of the application to each association. The notice shall state the name of the association and the name of the city or community in which the branch is proposed to

Financial Code - FIN - FIN § 6555

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6555

(a) Before acting on an application for a branch office, the commissioner may hold a hearing at a time and place specified in a notice of hearing. (b) If a hearing is to be held, the hearing shall not be held less than 10 days after the mailing of a notice of hearing under subdiv

Financial Code - FIN - FIN § 6556

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6556

(a) Upon review of the application for a branch office or agency and after a hearing on the branch application, if one is deemed necessary, the commissioner shall determine whether all of the following criteria are met: (1) The applicant’s policies, financial condition, and opera

Financial Code - FIN - FIN § 6557

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 6557

The provisions of this article relating to branch office and agency applications do not apply to a branch office or agency of an existing association acquired pursuant to a merger, consolidation, conversion, or transfer of assets.