CHAPTER 19. Foreign (Other State) Banks [1670. - 1721.]

Chapter 19 added by Stats. 2011, Ch. 243, Sec. 3.

§§ 1670–1721 · 34 sections

1. ARTICLE 1. General Provisions §§ 1670–1676 · 7 sections

   • § 1670 In this chapter, unless the context otherwise requires: (a) “Branch business unit” has the meaning set forth in subdivision (a) of Section 4840. (b) “Core…
   • § 1671 Each application filed with the commissioner under this chapter or under any regulation or order issued under this chapter shall be in the form, shall contain…
   • § 1672 (a) Each foreign (other state) bank that maintains a facility or a California branch office shall file with the commissioner such reports as and when the…
   • § 1673 Each foreign (other state) bank that maintains a facility (other than a foreign (other state) national bank that maintains a California branch office) and each…
   • § 1674 Fees shall be paid to and collected by the commissioner as follows: (a) The fee for filing with the commissioner an application by an uninsured foreign (other…
   • § 1675 (a) Any foreign (other state) state bank is exempted from the restrictions of Section 1 of Article XV of the California Constitution relating to rates of…
   • § 1676 (a) In this section, “subject bank” means a bank organized under the laws of any territory of the United States, Puerto Rico, Guam, American Samoa, the Trust…
2. ARTICLE 2. California Branch Offices §§ 1680–1688 · 9 sections

   • § 1680 No foreign (other state) state bank may transact core banking business in this state except at a branch office established in accordance with federal law and…
   • § 1681 Section 1680 does not prohibit: (a) Any foreign (other state) state bank that does not maintain a California branch office from carrying on the activities…
   • § 1682 No foreign (other state) bank may establish or maintain a California branch office unless it is qualified to transact intrastate business in this state under…
   • § 1683 No foreign (other state) bank may establish or maintain a California branch office unless the bank is insured.
   • § 1684 (a) (1) No foreign (other state) bank may merge as the surviving corporation with a California bank, except that an insured foreign (other state) bank may do…
   • § 1685 (a) No foreign (other state) bank that does not already maintain a California branch office may: (1) Merge as the surviving bank with a California bank…
   • § 1686 The minimum age requirement set forth in Section 1685 does not apply in any case in which the factor set forth in subdivision (a) and any of the factors set…
   • § 1687 (a) In case a foreign (other state) state bank that maintains a California branch office is a commercial bank, in addition to other provisions of this division…
   • § 1688 Notwithstanding Section 1684, a foreign (other state) bank that does not maintain offices in California may merge with or purchase the whole business unit of a…
3. ARTICLE 3. Facilities of Insured Foreign (Other State) Banks §§ 1700–1705 · 6 sections

   • § 1700 No provision of this article applies to an insured foreign (other state) bank that maintains a California branch office.
   • § 1701 (a) No insured foreign (other state) bank may establish or maintain an office in this state at which it engages in noncore banking business unless the bank…
   • § 1702 Not less than 30 days before an insured foreign (other state) bank establishes a facility, the bank shall file with the commissioner a report and the…
   • § 1703 (a) Not less than 30 days before establishing a facility, an insured foreign (other state) bank shall file with the commissioner, in the form that the…
   • § 1704 Not less than 30 days before an insured foreign (other state) bank relocates a facility, it shall file a report with the commissioner.
   • § 1705 Not less than 30 days before an insured foreign (other state) bank closes a facility, it shall file a report with the commissioner.
4. ARTICLE 4. Facilities of Uninsured Foreign (Other State) Banks §§ 1710–1721 · 12 sections

   • § 1710 In this article, unless the context otherwise requires: (a) “Controlling person,” when used with respect to an uninsured foreign (other state) bank, means any…
   • § 1711 (a) In this section, “act” includes (without limitation) omission. (b) For purposes of making findings on an application by an uninsured foreign (other state)…
   • § 1712 (a) No uninsured foreign (other state) bank may establish or maintain an office in this state at which it engages in noncore banking business unless the…
   • § 1713 (a) No uninsured foreign (other state) bank may establish or maintain a facility unless the commissioner has first approved the establishment of the office and…
   • § 1714 (a) No uninsured foreign (other state) bank that is licensed to maintain a facility may relocate the office unless the commissioner has first approved the…
   • § 1715 An uninsured foreign (other state) bank that is licensed to maintain a facility may, subject to any regulations that the commissioner may prescribe, engage in…
   • § 1716 (a) (1) No uninsured foreign (other state) bank that is licensed to maintain a facility may close the office unless the commissioner has first approved the…
   • § 1717 (a) Any uninsured foreign (other state) bank that holds a license to maintain a facility may voluntarily surrender the license by filing the license and a…
   • § 1718 (a) (1) No uninsured foreign (other state) bank may be issued a license to maintain a facility unless it has first filed with the commissioner, in the form…
   • § 1719 Each uninsured foreign (other state) bank that is licensed to maintain a facility shall assign to the office a popular name that includes the term “facility”…
   • § 1720 Each uninsured foreign (other state) bank that is licensed to maintain a facility shall post its license in a conspicuous place at the office.
   • § 1721 No license is transferable or assignable.