California Laws: Financial Code Sections 399-407
California Laws > Financial Code
- California Laws: Financial Code Section 399
In this article: (a) "Preopening expenditure" means any obligation incurred, or sum disbursed, by a bank prior to the time when it commences to transact... - California Laws: Financial Code Section 400
The articles of incorporation of the proposed bank or trust company shall be submitted to the commissioner for his or her approval before they are... - California Laws: Financial Code Section 401
If the commissioner finds that the proposed bank or trust company has in good faith complied with all the requirements of law and fulfilled all... - California Laws: Financial Code Section 402
It shall be unlawful to accept payment of subscriptions for shares of any corporation proposing to engage in the banking or trust business unless authority... - California Laws: Financial Code Section 403
No corporation organized to transact a commercial banking or trust business shall transact any business until the commissioner has issued his or her certificate authorizing... - California Laws: Financial Code Section 404
If the proposed bank or trust company fails to file evidence of incorporation and organization with the commissioner pursuant to Section 400 within one year... - California Laws: Financial Code Section 405
If the proposed bank or trust company fails to open for business within 90 days after the issuance of the certificate of authorization, the right... - California Laws: Financial Code Section 406
It is unlawful to apply any part of the funds collected from subscribers or shareholders to the payment of commissions or fees for obtaining subscriptions... - California Laws: Financial Code Section 407
Every bank and trust company shall keep posted in a conspicuous place in its banking room at its head office the certificate of authority to...