ARTICLE 2. General Definitions [5100. - 5124.]

Article 2 added by Stats. 1983, Ch. 1091, Sec. 2.

§§ 5100–5124 · 36 sections

• § 5100 When used in this division, the words and phrases set forth in this article shall have the meanings given in this article unless the context requires another…
• § 5100.2 For purposes of this division: (a) Any reference to regulations of the federal Office of the Comptroller of the Currency or the Federal Deposit Insurance…
• § 5100.5 “Affiliated person” of a savings association means the following: (a) A director, officer, or controlling person of the savings association. (b) A spouse of a…
• § 5100.6 “Affiliate” of a savings association, unless otherwise defined, includes any corporation, business trust, unincorporated association or other similar…
• § 5100.7 “Controlling person” of a savings association means any person or entity which (a) either directly or indirectly or acting in concert with one or more other…
• § 5100.8 “Immediate family” of any natural person means any of the following (whether by the full or half blood or by adoption): (a) The person’s spouse, father,…
• § 5100.9 “Institution-affiliated party” means any of the following: (a) Any director, officer, employee or controlling stockholder of, or agent for, a savings…
• § 5101 “Approved by the members,” in the case of a mutual association, means approved by a majority of all votes cast at a duly held regular or special meeting or by…
• § 5102 (a) “Association” or “savings association” means a mutual or stock savings association, savings and loan association or savings bank subject to the provisions…
• § 5103 “Certificate of authority” means: (a) A certificate of authority to transact the business of an association, which is issued by the commissioner pursuant to…
• § 5103.5 “Commercial paper” means any note, draft, or bill of exchange which arises out of a current transaction or the proceeds of which have been or are to be used…
• § 5104 “Commissioner” means the Commissioner of Financial Protection and Innovation.
• § 5105 “Community” means a centralized area or locality in which a body of inhabitants is gathered in one group having common residential, social, or business…
• § 5105.5 “Consumer loan” means a loan for personal, family, or household purposes, and loans reasonably incident thereto, and may be made as either open-end or…
• § 5105.8 “Corporate debt security” means a marketable obligation, evidencing the indebtedness of any corporation in the form of a bond, note, or debenture, or both note…
• § 5106 “Department” means the Department of Financial Protection and Innovation.
• § 5107 “Financial institution” means a thrift institution, commercial bank, or trust company.
• § 5108 “Impaired condition” means a condition in which the assets of an association in the aggregate do not have a value, as determined in accordance with generally…
• § 5109 “Mutual association” means an association for which the articles of incorporation do not authorize the issuance of capital stock.
• § 5110 “Member” means a person holding a savings account of a mutual association. A joint and survivorship or other multiple owner constitutes a single membership.
• § 5111 “Mutual capital certificate” means a certificate evidencing an investment in a mutual association and issued pursuant to provisions of this division.
• § 5112 “Net worth certificate” means a certificate issued by an association in accordance with Section 13i of the Federal Deposit Insurance Act, as amended (12…
• § 5113 “Person” means any individual, domestic, or foreign corporation, entity, voting trust, business trust, partnership, limited liability company, association,…
• § 5114 “Primarily residential property” means real estate on which there is located, or will be located pursuant to a real estate loan, any of the following: (a) A…
• § 5114.5 “Residential real estate” means any improved real property that is used or intended to be used as a residence and contains not more than four dwelling units.
• § 5115 “Real estate loan” means a loan or other obligation secured by a lien on real estate, if: (a) The security property is real estate as defined pursuant to…
• § 5116 “Savings account” means that part of the savings liability of an association that is credited to the holder of the account. A savings account may be referred…
• § 5117 “Savings bank” means a savings bank organized under this division.
• § 5117.5 “Savings institution” means a financial institution as defined in Section 5102.
• § 5118 “Savings liability” means the aggregate amount of savings accounts of depositors, including interest credited to the accounts, less redemptions and withdrawals.
• § 5119 “Service corporation” means a corporation, other than a wholly owned subsidiary referred to in Section 7300 or a wholly owned subsidiary doing business as a…
• § 5120 “Statutory net worth” or “net worth” means the sum of the following: (a) Issued and outstanding capital stock. (b) Issued and outstanding capital certificates.…
• § 5121 “Stock association” means an association for which the articles of incorporation authorize the issuance of capital stock.
• § 5122 “Stockholder” means the holder of one or more shares of any class of capital stock of a capital stock association which is organized and operating pursuant to…
• § 5123 “Thrift institution” means an association, a cooperative bank, a homestead association, a building and loan association, a federal association, a federal…
• § 5124 “Withdrawal value” means the amount credited to a savings account less lawful deductions, as shown by the records of the association.