ARTICLE 2. Loans to Insiders [1360. - 1367.]

Article 2 added by Stats. 2011, Ch. 243, Sec. 3.

§§ 1360–1367 · 8 sections

• § 1360 It is the intent of the Legislature that the provisions of this article, insofar as they are contained in Regulation O (12 C.F.R. Part 215) of the Federal…
• § 1361 As used in this article: (a) “Bank” means: (1) Any commercial bank, industrial bank, or trust company incorporated under the laws of this state. (2) Any…
• § 1362 Sections 215.2, 215.3, 215.4, 215.5, 215.8, and 215.9 of Regulation O in all of their particulars, including footnotes, are hereby referred to, incorporated by…
• § 1363 No bank shall extend credit in an aggregate amount greater than the amount permitted in paragraph (4) of subdivision (c) of Section 215.5 of Regulation O to…
• § 1364 In making any extension of credit that is subject to this article, a bank shall comply with all other applicable provisions of this division relating to…
• § 1365 No provision of this article or of Article 3 (commencing with Section 1480) of Chapter 14 shall apply to an advance of money made by a bank pursuant to Section…
• § 1366 A bank may make a loan, otherwise complying with the provisions of this division, for the benefit of a trust, notwithstanding that the bank or any one or more…
• § 1367 Any bank that makes an extension of credit in violation of this article is subject to a civil penalty pursuant to Section 329. Any person, other than the bank…