CHAPTER 2. Application [1020. - 1027.]

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

§§ 1020–1027 · 8 sections

• § 1020 The request for authority to organize and establish a corporation to engage in the banking or trust business shall be set forth in an application in such form…
• § 1021 Upon receiving a request for an application, the commissioner shall inform the prospective applicant in writing that the commissioner is available to confer…
• § 1022 Upon the filing of an application the commissioner shall make or cause to be made a careful investigation and examination relative to the following: (a) The…
• § 1023 The commissioner may give or withhold his or her approval of the application in his or her discretion, but he or she shall not approve the application until he…
• § 1024 (a) In this section, “control” has the meaning set forth in Section 1250. (b) For purposes of Section 1023, the commissioner may find: (1) That a proposed…
• § 1025 At least 30 days before denying an application, the commissioner shall by mail or other method of service give written notice of the intended denial of an…
• § 1026 The commissioner may, in approving an application to organize and establish a corporation to engage in the banking or trust business pursuant to Section 1023,…
• § 1027 (a) With the approval of the commissioner, a bank may be formed to facilitate a merger or an acquisition of control. The new bank may survive the merger or…