reglab/housing_qa huggingface dataset:
CA Fin Code § 679 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 679.

679.  The commissioner shall cause notice to be given by advertisement in any newspapers of general circulation as he or she may select weekly for three consecutive months, calling on all persons who have claims against the licensee to present the same to the commissioner and make legal proof thereof at a place to be specified therein and within four months of the date of the first publication of the notice, which date shall be specified in the notice. The notice shall also state that all claims other than those of customers appearing upon the books or records of the licensee shall be forever barred if not filed within the four months’ period and that all claims of customers appearing upon the books or records of the licensee will be forever barred, except as herein provided, if not filed prior to the filing of a petition for a final dividend. The commissioner shall also mail a similar notice to all persons, including customers whose names appear as creditors upon the books of the licensee and whose addresses appear upon the books or records of the licensee, and shall enclose therewith a printed form of notice of claim.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 680 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 680.

680.  All claims of every kind against the licensee or against any property owned or held by the licensee shall be presented to the commissioner in writing verified by the claimant or someone on his or her behalf within four months of the date of the first publication of the notice to creditors. Any claim, other than the claim of a customer whose claim appears upon the books or records of the licensee, not presented within the four months’ period shall be forever barred and any claim of a customer whose claim appears upon the books or records of the licensee that is not so presented prior to the date of the filing of the petition of the commissioner with the court for approval of the payment of the final dividend shall be forever barred except as to any moneys remaining after all debts for which claims were duly filed have been paid in full with interest. If the commissioner doubts the validity of any claim, he or she may reject the claim and serve notice of the rejection upon the claimant either by mail or personally. An affidavit of the mailing or personal service of the notice shall be prima facie evidence of the receipt thereof and shall be filed with the commissioner. Any action upon a rejected claim shall be brought within three months after the date of mailing or personal service of the notice of rejection.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 681 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 681.

681.  At any time and from time to time after the expiration of the time fixed for the presentation of claims, the commissioner, after obtaining approval of the court, may declare and pay one or more dividends upon all approved claims out of the funds remaining in his or her hands after the payment of expenses and after setting aside an amount sufficient to pay to all customers, who have not yet filed claims but whose claims appear upon the books or records of the licensee, their pro rata share of the funds then available for the payment of a dividend. At any time after the expiration of one year from the date of the first publication of notice to creditors and after obtaining the approval of the court, the commissioner may declare and pay a final dividend.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 682 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 682.

682.  (a) Expenses and claims of unsecured creditors have priority in the following order:(1) Expenses of liquidation and approved claims for fees and assessments due the department.(2) Approved claims given priority under other provisions of state or federal law, including, but not limited to, Sections 676 and 710.(3) Approved claims for “deposits,” as that term is defined in 12 U.S.C. Section 1813(l), but including obligations of the type described in 12 U.S.C. Section 1813(l)(5)(A) and (B).(4) Approved claims for other general liabilities.(5) Approved claims for obligations subordinated to deposits and other general liabilities.(b) Interest shall be given the same priority as the claim on which it is based, but no interest shall be paid on any claim until the principal of all claims within the same class has been paid or adequately provided for in full.(c) Any funds remaining shall be paid to the members or shareholders, as appropriate.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 683 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 683.

683.  Objections to any claim not rejected by the commissioner may be made by any person interested by filing a copy of the objection with the commissioner, who shall present the copy to the court at the time of the next application for approval of the declaration of a dividend. The court shall thereupon dispose of the objections or may order a reference for that purpose, and should the objections to any claim be sustained by the court or by the referee, the claim shall not be allowed by the commissioner until the claimant has established the claim by judgment.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 684 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 684.

684.  Dividends remaining unpaid and any sums available for payment of shares or deposits for which no claim was filed, which remain in the hands of the commissioner six months after the order for the payment of a final dividend, shall be deposited in the State Treasury. The shares or deposits shall be deemed to have been received under Chapter 7 (commencing with Section 1500) of Title 10 of Part 3 of the Code of Civil Procedure, and shall be subject to claim or other disposition as provided in that chapter. The commissioner may pay over the moneys held by him or her to the persons respectively entitled thereto at any time prior to depositing the shares or deposits in the State Treasury, upon being furnished satisfactory evidence of the persons’ right to the same.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 685 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 685.

685.  Whenever, under the provisions of this article, the commissioner is required to transmit unclaimed money or other unclaimed property to any state officer for deposit in the State Treasury, the commissioner, upon request of the Controller, shall transmit to the Controller all signature cards and any other identifying information available from the records of the licensee, covering the money or other property. Upon receipt by the Controller of the signature cards or other identifying information, the licensee and the commissioner shall be relieved of all responsibility therefor. The signature cards and other identifying information may be destroyed or otherwise disposed of by the Controller whenever, in his or her discretion, their further retention by him or her is no longer required in the interest of the customers or the state.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 686 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 686.

686.  All approved claims of customers and other creditors shall bear interest at the rate provided by law on judgments from the date that the commissioner takes possession of the property and business of the licensee.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 687 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 687.

687.  If the licensee has in its possession for safekeeping or storage any jewelry, plate, money, specie, bullion, stocks, bonds, securities, valuable papers, or other valuable personal property, or has rented any vaults, safes, or safe-deposit boxes, the commissioner shall cause to be mailed, by registered mail, postage prepaid, to any known person claiming to be or appearing on the books of the licensee to be the owner of the property or to the person in whose name the safe, vault, or box stands a notice notifying the person to remove all of the personal property within a specified fixed period of not less than 60 days.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 688 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 688.

688.  On the last day fixed in the notice for the removal of the property or on the date when the property is removed or the box surrendered, any contract between the person owning the property or holding the box and the licensee shall cease and the amount of the unearned prepaid rent or charges, if any, shall become a debt of the licensee to the person.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 689 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 689.

689.  If any property is not removed within the time fixed by the notice mailed by the commissioner, the commissioner may dispose of the property as the court, on application thereto, shall direct. The commissioner may cause any safe, vault, or box to be opened in his or her presence or in the presence of one of the special deputy commissioners and of a notary not an officer or employee of the licensee or of the commissioner. The contents thereof, if any, shall be sealed by the notary in a package upon which the notary shall distinctly mark the name and address of the person in whose name the safe or box stands upon the books of the licensee and shall attach thereon a list and a description of the property within the package. The package so sealed and addressed, together with the list and description may be kept by the commissioner in one or more of the safes or boxes of the licensee or elsewhere until delivered to the person whose name it bears or until otherwise disposed of as directed by the court.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 690 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 690.

690.  (a) When the commissioner has completed the liquidation of the licensee, he or she shall petition the court for an order declaring the licensee duly wound up and dissolved.(b) After any notice as the court may direct and a hearing, the court may make an order declaring the licensee duly wound up and dissolved. The order shall declare all of the following:(1) The licensee has been duly wound up.(2) A final franchise tax return, if any, as described by Section 23332 of the Revenue and Taxation Code, has been filed with the Franchise Tax Board as required under Part 10.2 (commencing with Section 18401) of Division 2 of the Revenue and Taxation Code, and any tax or penalty due under the Corporation Tax Law has been paid, and the licensee’s known debts and liabilities have been paid or adequately provided for, or any taxes, penalties, debts, and liabilities have been paid so far as the licensee’s assets permitted, as the case may be. If there are known debts or liabilities for the payment of which adequate provision has been made, the order shall describe the provision, setting forth any information necessary to enable the creditor or other person to whom payment is to be made to appear and claim payment of the debt or liability.(3) All known assets of the licensee have been distributed to its shareholders or wholly applied on account of the licensee’s debts and liabilities.(4) The licensee is dissolved.(c) The court may make additional orders and grant further relief as it deems proper upon the evidence submitted.(d) Upon the making of the order declaring the licensee dissolved, the corporate existence of the licensee shall cease, except for the purposes of any necessary further winding up.(e) Upon the making of the order declaring the licensee dissolved, the commissioner shall file with the Secretary of State a copy of the order, certified by the clerk of the court.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 691 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 691.

691.  Whenever this article requires court approval of any step in the liquidation proceedings, approval shall be given after a hearing upon notice as the court may direct. At the hearing, the court may by order approve the actions of the commissioner for which he or she has petitioned the court’s approval or it may, by appropriate order, otherwise direct the commissioner in the matter in connection with which the petition was filed.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 692 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 4 - Liquidation of an Uninsured Licensee|Section 692.

692.  Whenever, in the opinion of the commissioner, the liquidation or reorganization of any licensee taken in charge by him or her would be facilitated, or the public interests and the interests of customers or stockholders would be served, the commissioner may borrow money on behalf of the licensee from any federal agency authorized to lend money to receivers, trustees, liquidating agents, or other agents or supervisory authorities in charge of licensees that are closed or in process of liquidation and, with approval of the court, the commissioner may secure any borrowings by the pledge of the assets of the licensee in any manner and amount the commissioner deems necessary, proper, or expedient.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 700 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 5 - Disposal of Unclaimed Trust Property|Section 700.

700.  Whenever any licensee is being liquidated or whenever the trust business of any licensee has been discontinued and the licensee has in its possession money or other property held by it in trust or for safekeeping and the beneficiaries or persons entitled thereto are unknown or cannot be found, the commissioner or the licensee, upon obtaining approval of the superior court of the county in which the liquidation proceedings are pending or in which the head office of the licensee is situated, may do the following:(a) In the case of money, deliver it to the Treasurer.(b) In the case of other property, deliver it to the Controller for deposit in the State Treasury.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 701 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 5 - Disposal of Unclaimed Trust Property|Section 701.

701.  Upon the delivery of any money to the Treasurer or upon the delivery of any property to the Controller, a certified copy of the order of the court approving the delivery shall be given to the Controller, and upon the delivery of any money to the Treasurer a notice giving the amount delivered shall be filed with the Controller. Upon the receipt of any money or other properties, the Treasurer or the Controller, as the case may be, shall issue a receipt for the same and the receipt shall be deemed a voucher in favor of the licensee to the same extent as though executed by the beneficiary or other person entitled thereto.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 702 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 5 - Disposal of Unclaimed Trust Property|Section 702.

702.  All money or other property delivered to the Treasurer or Controller pursuant to this article shall be deemed to be delivered for deposit in the State Treasury under the provisions of Chapter 7 (commencing with Section 1500) of Title 10 of Part 3 of the Code of Civil Procedure and shall be subject to claim or other disposition as provided in that chapter.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 710 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 7 - Liquidation and Conservation|ARTICLE 6 - Priorities|Section 710.

710.  The holder or transferor of a negotiable instrument transferred to a licensee for collection has a preferred claim in the amount of the liability of the licensee on the instrument if the instrument was forwarded to the licensee by any person or by any other financial institution for collection and remittance, if payment therefor has not been made and if the same has been collected either in whole or in part by the licensee, unless the holder or transferor is a voluntary depositor in the licensee and the proceeds of the collection, at his or her request, have been credited by the licensee to his or her account.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1100 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 5 - Corporate Requirements|ARTICLE 1 - Articles, Bylaws, and Names|Section 1100.

1100.  The articles of each bank shall contain the applicable one of the following statements:(a) Except as provided in subdivision (f), if the bank is, or is proposed to be, a commercial bank not authorized to engage in trust business, that the purpose of the corporation is to engage in commercial banking business and any other lawful activities which are not, by applicable laws or regulations, prohibited to a commercial bank.(b) Except as provided in subdivision (f), if the bank is, or is proposed to be, a commercial bank authorized to engage in trust business, that the purpose of the corporation is to engage in commercial banking business and trust business and any other lawful activities which are not, by applicable laws or regulations, prohibited to a commercial bank authorized to engage in trust business.(c) Except as provided in subdivision (f), if the bank is, or is proposed to be, an industrial bank not authorized to engage in trust business, that the purpose of the corporation is to engage in industrial banking business and any other lawful activities which are not, by applicable laws or regulations, prohibited to an industrial bank.(d) Except as provided in paragraph (f), if the bank is, or is proposed to be, an industrial bank authorized to engage in trust business, that the purpose of the corporation is to engage in industrial banking business and trust business and any other lawful activities which are not, by applicable laws or regulations, prohibited to an industrial bank authorized to engage in trust business.(e) In case the bank is, or is proposed to be, a trust company (other than a commercial bank authorized to engage in trust business), that the purpose of the corporation is to engage in trust business and any other lawful activities which are not, by applicable laws or regulations, prohibited to a trust company.(f) If the bank is, or is proposed to be, a public bank, the articles shall set forth a statement of purpose that is prescribed in subdivision (a) or (b) of Section 57601 of the Government Code.(Amended by Stats. 2019, Ch. 442, Sec. 7. (AB 857) Effective January 1, 2020.)
CA Fin Code § 1101 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 5 - Corporate Requirements|ARTICLE 1 - Articles, Bylaws, and Names|Section 1101.

1101.  (a) In this section:(1) “Assessment provision” means the provision in the articles of a bank that complies with the requirements of Section 600.2, as in effect immediately before the effective date of this section, or any predecessor statute.(2) “Bank” means any (A) California state bank or (B) corporation organized under the laws of this state for the purpose of transacting business pursuant to Article 1 (commencing with Section 1850) of Chapter 21.(b) On and after the effective date of this section, the assessment provision in the articles of a bank shall no longer be of any force or effect.(c) Notwithstanding Sections 902 and 903 of the Corporations Code, a bank may, on or after the effective date of this section, amend its articles by deleting the assessment provision with the approval of its board alone and without any approval of its outstanding shares.(d) (1) Any order issued before the effective date of this section by the commissioner pursuant to Section 662, as in effect immediately before the effective date of this section or any predecessor statute, shall, if and to the extent that the bank has not before that date levied and collected through sale of shares or otherwise, an assessment on its common shares, be deemed rescinded.(2) Any proceeding commenced before the effective date of this section by a bank to assess its common shares in accordance with an order issued by the commissioner pursuant to Section 662, as in effect immediately before the effective date of this section or any predecessor statute, shall be terminated on the effective date of this section. On and after the effective date of this section, the bank shall take no further action to levy or collect the assessment on its common shares, and any lien on the common shares created by the assessment shall be deemed extinguished.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)