California Financial Code CHAPTER 4.5 - Bank Extraordinary Situation Closing

• Section 1090.
  This chapter is known and may be cited as the “Bank Extraordinary Situation Closing Act.”(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective...
• Section 1091.
  “Extraordinary situation” means any condition or occurrence, other than as set forth in Section 592, that may interfere or is inconsistent with the conduct of...
• Section 1092.
  Whenever the commissioner determines that an extraordinary situation exists anywhere in this state the commissioner may, by proclamation, authorize banks located in the affected area...
• Section 1093.
  (a) Whenever the officers of a bank are of the opinion that an extraordinary situation exists which affects or may affect one or more of a...
• Section 1094.
  A bank closing an office or offices pursuant to the authority granted under subdivision (a) of Section 1093 shall give prompt notice of its action...
• Section 1095.
  Any day on which a bank or any one or more of its offices is closed pursuant to the authorization granted by this chapter shall...
• Section 1096.
  Provisions of this chapter shall be construed and applied as being in addition to, and not a substitution for, or limitation of, any other law...

Last modified: October 22, 2018