CHAPTER 20. Foreign (Other Nation) Banks [1750. - 1835.]

Chapter 20 added by Stats. 2011, Ch. 243, Sec. 3.

§§ 1750–1835 · 45 sections

1. ARTICLE 1. General Provisions §§ 1750–1768 · 19 sections

   • § 1750 In this chapter, unless the context otherwise requires: (a) “Agency” means a depositary agency or a nondepositary agency. (b) “Branch office” means a limited…
   • § 1751 Nothing in this chapter, except Section 1760, applies to a federal agency or branch in this state.
   • § 1752 (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…
   • § 1753 For purposes of this chapter, offices of foreign (other nation) banks are divided into classes and ranked in ascending order, as follows: (a) Representative…
   • § 1754 (a) For purposes of this chapter: (1) Changing a lower class office into a higher class office shall be treated as establishing the higher class office, but…
   • § 1755 Fees shall be paid to, and collected by, the commissioner, as follows: (a) The fee for filing with the commissioner an application by a foreign (other nation)…
   • § 1756 Each application filed with the commissioner under this chapter or under any regulation or order issued under this chapter shall be in such form, shall contain…
   • § 1757 (a) In this section, “act” includes (without limitation) omission. (b) For purposes of making findings on an application by a foreign (other nation) bank for…
   • § 1758 (a) Each foreign (other nation) bank that is licensed to maintain an office shall file with the commissioner reports as and when the commissioner may, by…
   • § 1759 Each foreign (other nation) bank that is licensed to maintain an office shall make, keep, and preserve at the office or at another place that the commissioner…
   • § 1760 (a) No foreign (other nation) bank which is licensed to maintain an agency or branch office shall concurrently maintain a federal agency or federal branch in…
   • § 1761 (a) No foreign (other nation) bank shall concurrently be licensed to maintain offices of different classes. (b) Subdivision (a) does not prohibit a foreign…
   • § 1762 (a) (1) No foreign (other nation) bank (other than a bank that is licensed to maintain an agency or branch office) shall be issued a license to maintain a…
   • § 1763 No license shall be transferable or assignable.
   • § 1764 Each foreign (other nation) bank that is licensed to maintain an office shall post its license in a conspicuous place at the office.
   • § 1765 (a) Each foreign (other nation) bank that is licensed to maintain an office shall assign to the office a popular name that consists of a specific designation…
   • § 1766 Whenever a foreign (other nation) bank is licensed to maintain two or more agencies or branch offices, it shall designate one of such offices as its primary…
   • § 1767 Each foreign (other nation) bank that is licensed to maintain an office shall conduct all of the business of the office in a single building or in adjoining…
   • § 1768 Any foreign (other nation) bank that, at the time it makes a loan or forbearance or executes a contract therefor, has assets equal to at least one hundred…
2. ARTICLE 2. Representative Offices §§ 1780–1784 · 5 sections

   • § 1780 (a) No foreign (other nation) bank shall establish or maintain an office in this state at which it engages in representational functions unless it is licensed…
   • § 1781 (a) (1) No foreign (other nation) bank shall establish or maintain a representative office unless the commissioner shall have first approved the establishment…
   • § 1782 (a) No foreign (other nation) bank that is licensed to maintain a representative office shall relocate the office unless the commissioner shall have first…
   • § 1783 A foreign (other nation) bank that is licensed to maintain a representative office may, subject to any regulations that the commissioner may prescribe, engage…
   • § 1784 (a) (1) No foreign (other nation) bank that is licensed to maintain a representative office shall close the office unless the commissioner shall have first…
3. ARTICLE 3. Agencies and Branch Offices §§ 1800–1813 · 14 sections

   • § 1800 (a) No foreign (other nation) bank shall transact business in this state except at an agency or branch office that it is licensed to maintain and at which it…
   • § 1801 No foreign (other nation) bank shall be licensed to maintain any agency or branch office unless it is qualified to transact intrastate business in this state…
   • § 1802 No foreign (other nation) bank shall be licensed to maintain a retail branch office unless the deposits in such office are insured by the Federal Deposit…
   • § 1803 (a) (1) No foreign (other nation) bank shall establish or maintain an agency or branch office unless the commissioner shall have first approved the…
   • § 1804 (a) No foreign (other nation) bank which is licensed to maintain an agency or branch office shall relocate such office unless the commissioner shall have first…
   • § 1805 (a) A foreign (other nation) bank that is licensed to maintain an agency or branch office may transact commercial banking business at the office, subject to…
   • § 1806 (a) In addition to other provisions of this division and Division 1 (commencing with Section 99) that are otherwise applicable to or with respect to foreign…
   • § 1807 (a) Whenever the commissioner calls for a report under Section 453 from commercial banks organized under the laws of this state, the commissioner shall call…
   • § 1808 Each foreign (other nation) bank which is licensed to maintain a depositary agency, limited branch office, or wholesale branch office shall, in accordance with…
   • § 1809 (a) In case a foreign (other nation) bank is licensed to maintain a depositary agency or branch office and such office is not subject to the regulations of the…
   • § 1810 (a) Each foreign (other nation) bank which is licensed to transact business in this state shall keep the assets of such business separate and apart from the…
   • § 1811 (a) In this section: (1) “Adjusted liabilities,” when used with respect to a foreign (other nation) bank, means the liabilities of such bank’s business in this…
   • § 1812 (a) In this section: (1) “Adjusted liabilities,” when used with respect to a foreign (other nation) bank which is licensed to maintain a branch office in this…
   • § 1813 (a) (1) No foreign (other nation) bank which is licensed to maintain an agency or branch office shall close such office unless the commissioner shall have…
4. ARTICLE 4. Voluntary Surrender of License § 1825 · 1 section

   • § 1825 (a) Any foreign (other nation) bank that holds a license to maintain an office may voluntarily surrender the license by filing the license and a report with…
5. ARTICLE 5. Enforcement §§ 1830–1835 · 6 sections

   • § 1830 If the commissioner finds that any person has violated any provision of this chapter or of any regulation or order issued under this chapter, the commissioner…
   • § 1831 If, after notice and a hearing, the commissioner finds any of the following with respect to a foreign (other nation) bank that is licensed to maintain an…
   • § 1832 (a) If the commissioner finds that any of the factors set forth in Section 1831 is true with respect to any foreign (other nation) bank that is licensed to…
   • § 1833 Any foreign (other nation) bank whose license to maintain an office is suspended or revoked shall immediately surrender the license to the commissioner.
   • § 1834 (a) Any foreign (other nation) bank to which an order is issued under Section 1831 or 1832 may apply to the commissioner to modify or rescind such order. The…
   • § 1835 (a) If the commissioner finds that any of the factors set forth in Section 1831 is true with respect to any foreign (other nation) bank which is licensed to…