California Laws: Financial Code Sections 3100-3132
- California Laws: Financial Code Section 3100
The commissioner may, whenever it appears to him or her that any of the conditions described in subdivisions (a) to (h), inclusive, exist with respect...
- California Laws: Financial Code Section 3101
Whenever the commissioner has taken possession of the property and business of any bank, such bank, within 10 days after such taking, if it deems...
- California Laws: Financial Code Section 3102
An appeal may be taken from the judgment of the court by the commissioner or by the bank in the manner provided by law for...
- California Laws: Financial Code Section 3103
Upon taking possession of the property and business of any bank, the commissioner shall forthwith give notice of such fact to all persons holding or...
- California Laws: Financial Code Section 3104
Upon taking possession of the property and business of any bank, the commissioner has authority and it is his or her duty to collect all...
- California Laws: Financial Code Section 3105
No attachment shall be issued against the property of any bank or trust company. ...
- California Laws: Financial Code Section 3106
The commissioner, from time to time, under his or her official seal, may appoint one or more special deputy commissioners as his or her agent...
- California Laws: Financial Code Section 3107
The compensation of special deputies, counsel, and other employees and assistants appointed to assist in the liquidation of any bank and the distribution of its...
- California Laws: Financial Code Section 3108
Upon the commissioner taking possession of the business and property of any bank the superior court of the State of California for the county in...
- California Laws: Financial Code Section 3109
The commissioner may sell, compromise, or compound any bad or doubtful debt owing the bank, which is for a principal sum not exceeding five hundred...
- California Laws: Financial Code Section 3110
The commissioner may sell any real or personal property of the bank for cash or on credit and on such other terms and conditions as...
- California Laws: Financial Code Section 3110.1
(a) The commissioner may, with the approval of the court and of the commissioner, sell any part or the whole of the business of the...
- California Laws: Financial Code Section 3111
Within six months after taking possession of the property and business of any bank the commissioner may terminate or adopt any executory contract to which...
- California Laws: Financial Code Section 3112
The commissioner in his or her own name or in the name of the bank may execute, acknowledge, and deliver any and all conveyances and...
- California Laws: Financial Code Section 3113
The commissioner in the name of the delinquent bank or in his or her own name may prosecute and defend any and all actions and...
- California Laws: Financial Code Section 3114
The commissioner from time to time shall deposit all moneys coming into his or her hands in the course of the liquidation of the bank...
- California Laws: Financial Code Section 3115
The commissioner shall make an inventory of the assets of the bank in duplicate and file one in the office of the commissioner and one...
- California Laws: Financial Code Section 3116
When the time fixed for the presentation of claims has expired the commissioner shall make in duplicate a full and complete list of all claims...
- California Laws: Financial Code Section 3117
The commissioner shall cause notice to be given by advertisement in such newspapers of general circulation as he or she may select weekly for three...
- California Laws: Financial Code Section 3118
All claims of every kind against the bank or against any property owned or held by such bank shall be presented to the commissioner in...
- California Laws: Financial Code Section 3119
At any time and from time to time after the expiration of the time fixed for the presentation of claims, the commissioner, after obtaining approval...
- California Laws: Financial Code Section 3119.5
(a) Expenses and claims of unsecured creditors have priority in the following order: (1) Expenses of liquidation and approved claims for fees and assessments due...
- California Laws: Financial Code Section 3120
Objections to any claim not rejected by the commissioner may be made by any person interested by filing a copy of such objections with the...
- California Laws: Financial Code Section 3121
Dividends remaining unpaid and any sums available for payment of deposits for which no claim was filed, which remain in the hands of the commissioner...
- California Laws: Financial Code Section 3121.5
Whenever, under the provisions of this chapter, the commissioner is required to transmit unclaimed money or other unclaimed property to any state officer for deposit...
- California Laws: Financial Code Section 3122
All approved claims of depositors and other creditors shall bear interest at the rate provided by law on judgments from the date that the commissioner...
- California Laws: Financial Code Section 3123
Should the bank have in its possession for safekeeping or storage any jewelry, plate, money, specie, bullion, stocks, bonds, securities, valuable papers, or other valuable...
- California Laws: Financial Code Section 3124
On the last day fixed in said notice for the removal of such property or on the date when such property is removed or the...
- California Laws: Financial Code Section 3125
If any property be not removed within the time fixed by notice mailed by the commissioner, the commissioner may make such disposition of the property...
- California Laws: Financial Code Section 3126
(a) When the commissioner has completed the liquidation of the bank, he or she shall petition the court for an order declaring the bank duly...
- California Laws: Financial Code Section 3131
Whenever pursuant to the provisions of this chapter the approval of the court is required of any step in the liquidation proceedings such approval shall...
- California Laws: Financial Code Section 3132
Whenever in the opinion of the commissioner the liquidation or reorganization of any bank taken in charge by him or her would be facilitated thereby,...
