California Financial Code ARTICLE 1 - General Provisions

• Section 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 branch office, a retail branch...
• Section 1751.
  Nothing in this chapter, except Section 1760, applies to a federal agency or branch in this state.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB...
• Section 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...
• Section 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 office.(b) Nondepositary agency.(c) Depositary agency.(d) Limited...
• Section 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 not...
• Section 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)...
• Section 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...
• Section 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 approval to establish...
• Section 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...
• Section 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...
• Section 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...
• Section 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 (other nation) bank that...
• Section 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...
• Section 1763.
  No license shall be transferable or assignable.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
• Section 1764.
  Each foreign (other nation) bank that is licensed to maintain an office shall post its license in a conspicuous place at the office.(Added by Stats....
• Section 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...
• Section 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...
• Section 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...
• Section 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...

Last modified: October 22, 2018