CHAPTER 5. Examinations and Reports-Banking [500. - 521.]

Chapter 5 added by Stats. 2011, Ch. 243, Sec. 2.

§§ 500–521 · 12 sections

1. ARTICLE 1. Examination §§ 500–509 · 10 sections

   • § 500 (a) (1) For purposes of this section, “foreign bank” means the business in this state of every foreign (other nation) bank licensed under Article 3 (commencing…
   • § 501 (a) Whenever, in the judgment of the commissioner, it is necessary or advisable to make an extra examination of or to devote any extraordinary attention to any…
   • § 502 (a) The commissioner may by order or regulation grant exemptions from this section in cases where the commissioner finds that the requirements of this section…
   • § 503 The commissioner, whenever in his or her opinion the condition of the bank, trust company, or foreign banking corporation is such as to require such audit, may…
   • § 504 The commissioner, for good cause, at any time and from time to time may employ appraisers to appraise the value of any investment, asset, or property held or…
   • § 505 The commissioner, a deputy commissioner, and every examiner assigned to an examination may administer an oath to any person whose testimony is required for the…
   • § 506 Whenever he or she deems it expedient, the commissioner may call a meeting of the stockholders of any bank or trust company. Notice of the time and place of…
   • § 507 During any emergency period declared by the President of the United States, each bank shall conform to any order of the commissioner directed to it, relating…
   • § 508 During any emergency period declared by the Governor no bank shall transact any banking business except to such extent and subject to such regulations,…
   • § 509 (a) The commissioner may, in his or her discretion, bring an action in the name of the people of this state in a superior court to enjoin a violation of, to…
2. ARTICLE 2. Reports §§ 520–521 · 2 sections

   • § 520 (a) A California state bank shall prominently display in the lobby of its main office and each branch office, except an automated teller machine branch office,…
   • § 521 (a) A bank or credit union subject to the examination authority of the commissioner shall report annually, on or before March 1, to the commissioner on the…