California Financial Code ARTICLE 8 - Holding Companies and Stock Acquisitions

  • Section 5800.
    For the purposes of this article the following words and phrases shall have the following meanings:(a) “Savings and loan holding company” means any person that either,...
  • Section 5801.
    (a) Except as provided in subdivision (b), no person may become a savings and loan holding company, or thereafter register under Section 5804, unless the commissioner...
  • Section 5802.
    The commissioner shall within 60 days after the date of filing of a completed application, unless good cause is shown why a decision to approve...
  • Section 5803.
    (a) After the decision under this article by the commissioner either approving or denying the application, upon the filing with the commissioner within 30 days after...
  • Section 5804.
    (a) Within 60 days following approval, or a later date if extended by the commissioner, each savings and loan holding company shall register with the commissioner...
  • Section 5806.
    Each savings and loan holding company, which is not an individual, shall pay an initial and an annual registration fee of five hundred dollars ($500)...
  • Section 5807.
    When a savings and loan holding company has satisfied the requirements of this article, the commissioner shall issue the holding company a certificate of registration,...
  • Section 5808.
    No association that is a subsidiary in this state of any savings and loan holding company that does not have in effect a certificate of...
  • Section 5809.
    (a) The commissioner from time to time may require reports from any savings and loan holding company and its subsidiaries in a format deemed necessary or...
  • Section 5810.
    The commissioner shall have the enforcement powers with respect to savings and loan holding companies and their subsidiaries that are provided with respect to associations...
  • Section 5811.
    This article shall not apply to an acquisition of stock made pursuant to a plan or agreement of reorganization, merger, consolidation, or transfer of assets...

Last modified: October 22, 2018