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Financial Code - FIN - FIN § 691
Financial Code - FIN - FIN § 691
Whenever this article requires court approval of any step in the liquidation proceedings, approval shall be given after a hearing upon notice as the court may direct. At the hearing, the court may by order approve the actions of the commissioner for which he or she has petitioned
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Financial Code - FIN - FIN § 692
Financial Code - FIN - FIN § 692
Whenever, in the opinion of the commissioner, the liquidation or reorganization of any licensee taken in charge by him or her would be facilitated, or the public interests and the interests of customers or stockholders would be served, the commissioner may borrow money on behalf
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Financial Code - FIN - FIN § 6950
Financial Code - FIN - FIN § 6950
(a) When a savings account is held in any association or federal association by a person who dies while domiciled in a sister state or foreign nation, the account, together with additions and interest, or any part of it, shall be exempt from any taxation otherwise imposed by this
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Financial Code - FIN - FIN § 6951
Financial Code - FIN - FIN § 6951
No action at law or in equity shall be maintained against an association or federal association for payment made in accordance with this article.
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Financial Code - FIN - FIN § 7
Financial Code - FIN - FIN § 7
Whenever any reference is made to any portion of this code or of any other law, the reference applies to all amendments and additions thereto, now or hereafter made.
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Financial Code - FIN - FIN § 700
Financial Code - FIN - FIN § 700
Whenever any licensee is being liquidated or whenever the trust business of any licensee has been discontinued and the licensee has in its possession money or other property held by it in trust or for safekeeping and the beneficiaries or persons entitled thereto are unknown or ca
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Financial Code - FIN - FIN § 7000
Financial Code - FIN - FIN § 7000
(a) Administrators, executors, custodians, conservators, guardians, trustees, and other fiduciaries, insurance companies, business and manufacturing companies, banks, trust companies, credit unions, and other types of similar financial organizations, charitable, educational, elee
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Financial Code - FIN - FIN § 70000
Financial Code - FIN - FIN § 70000
For purposes of this division, “fund” means the California Financial Literacy Fund.
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Financial Code - FIN - FIN § 70001
Financial Code - FIN - FIN § 70001
(a) The California Financial Literacy Fund is hereby established in the State Treasury. The fund shall be administered by the Controller. (b) The purpose of the fund is to enable partnerships with the financial services community and governmental and nongovernmental stakeholders
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Financial Code - FIN - FIN § 70002
Financial Code - FIN - FIN § 70002
The Controller may accept private donations and deposit those donations into the fund, which shall be made available upon appropriation in the annual Budget Act. Donations shall not be used to promote or market the financial products of any contributor.
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Financial Code - FIN - FIN § 70003
Financial Code - FIN - FIN § 70003
The Controller may convene a financial literacy advisory committee to provide additional oversight of the fund and develop strategies to improve financial literacy. If convened, the committee shall comply with the Bagley-Keene Open Meeting Act (Article 9 (commencing with Section
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Financial Code - FIN - FIN § 70004
Financial Code - FIN - FIN § 70004
Beginning in 2013, the Controller shall provide to the respective chairpersons of the Assembly Committee on Banking and Finance and the Senate Committee on Banking and Financial Institutions a brief annual summary on the use of the funds, when appropriated. This summary shall be
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Financial Code - FIN - FIN § 7001
Financial Code - FIN - FIN § 7001
(a) Whenever, under the laws of this state or otherwise, a deposit of securities is required for any purpose, the savings accounts and accounts made legal investments by this article shall be acceptable deposits. (b) Whenever, under the laws of this state or otherwise, a bond is
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Financial Code - FIN - FIN § 7002
Financial Code - FIN - FIN § 7002
The provisions of this article supplement any and all other laws relating to and declaring what shall be legal investments for the persons, fiduciaries, corporations, organizations’ funds, municipalities, bodies, and officials referred to in this article and supplement the laws r
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Financial Code - FIN - FIN § 701
Financial Code - FIN - FIN § 701
Upon the delivery of any money to the Treasurer or upon the delivery of any property to the Controller, a certified copy of the order of the court approving the delivery shall be given to the Controller, and upon the delivery of any money to the Treasurer a notice giving the amou
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Financial Code - FIN - FIN § 702
Financial Code - FIN - FIN § 702
All money or other property delivered to the Treasurer or Controller pursuant to this article shall be deemed to be delivered for deposit in the State Treasury under the provisions of Chapter 7 (commencing with Section 1500) of Title 10 of Part 3 of the Code of Civil Procedure an
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Financial Code - FIN - FIN § 7050
Financial Code - FIN - FIN § 7050
An association may issue savings accounts earning interest at different rates of return. The annual rate of return paid on a savings account may either be fixed at the time the account is issued or may vary on any basis specified at the time the account is accepted.
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Financial Code - FIN - FIN § 7051
Financial Code - FIN - FIN § 7051
An association may classify its savings accounts on any basis including, but not limited to, character, amount, or duration of the account, regularity of additions, or location of origin of the account.
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Financial Code - FIN - FIN § 7052
Financial Code - FIN - FIN § 7052
Except for accounts that are classified according to a specified contractual time or notice period, interest shall be based on the withdrawal value of each savings account at the beginning of the accounting period, plus additions made during the period (less amounts previously wi
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Financial Code - FIN - FIN § 7053
Financial Code - FIN - FIN § 7053
(a) The date of investment in a savings account shall be the date of actual receipt by the association of the account or an addition to the account, except that if the association shall so determine, accounts in one or more classifications or additions received by the association
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Financial Code - FIN - FIN § 7054
Financial Code - FIN - FIN § 7054
The board of directors, by resolution, may determine any of the following: (a) That interest shall not be paid on designated types of savings accounts from which withdrawals may be made upon demand or by negotiable and transferable order or authorization. (b) That an association
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Financial Code - FIN - FIN § 7055
Financial Code - FIN - FIN § 7055
The directors shall determine the method of calculating the amount of any interest on any savings account classification as provided in this article and the time or times when the interest is to be paid or credited.
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Financial Code - FIN - FIN § 710
Financial Code - FIN - FIN § 710
The holder or transferor of a negotiable instrument transferred to a licensee for collection has a preferred claim in the amount of the liability of the licensee on the instrument if the instrument was forwarded to the licensee by any person or by any other financial institution
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Financial Code - FIN - FIN § 7100
Financial Code - FIN - FIN § 7100
(a) Notwithstanding any other provision of law, but subject to subdivision (b), an association may permit the owner of a deposit or account to make withdrawals by negotiable or transferable instruments for the purpose of making transfers to third parties. (b) With respect to depo
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Financial Code - FIN - FIN § 7150
Financial Code - FIN - FIN § 7150
At any time funds are on hand for the purpose, an association shall have the right to redeem by lot or otherwise, as the board of directors may determine, all or any part of any of its savings accounts on an interest date by giving 30 days’ notice by registered mail addressed to