ARTICLE 6. State Banking Account [405. - 414.]

Article 6 added by Stats. 2011, Ch. 243, Sec. 2.

§§ 405–414 · 10 sections

• § 405 (a) The commissioner shall annually collect pro rata from the banks and trust companies under the supervision of the department a fund in an amount sufficient…
• § 406 The commissioner shall annually collect from national banking associations and foreign (other state) banks operating trust departments in this state an annual…
• § 407 Whenever the commissioner makes an assessment pursuant to Section 405 or 406, the commissioner shall fix the date when the assessment is due and payable and…
• § 408 The commissioner, in addition to the annual assessment, shall collect from each bank authorized to engage in the trust business, to defray the cost of…
• § 409 If any bank or trust company fails to make timely payment of any assessment made pursuant to Section 405, 406, or 408, the commissioner may, in the…
• § 410 As of the operative date of this section: (a) The State Banking Fund is converted into a separate account in the Financial Institutions Fund and designated as…
• § 411 Except as otherwise provided in Section 413 or 414, all salaries and other expenses of the department, other than those incurred in administering laws relating…
• § 412 The commissioner shall deliver all moneys received or collected by the commissioner under Section 405, 406, or 408 or otherwise, other than moneys received or…
• § 413 (a) In this section, “assessment statute” means any statute that authorizes the commissioner to make or collect an assessment (other than a fine) on financial…
• § 414 Notwithstanding any other provision of this code or of Section 53667 of the Government Code, the commissioner may, at any time during a fiscal year, pay any…