reglab/housing_qa huggingface dataset:
CA Fin Code § 815 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 10 - Legal Investments for Nonbank Licensees|Section 815.

815.  Bonds of any local public housing agency (as defined in the United States Housing Act of 1937, as amended) that are secured by either of the following:(a) An agreement between the public housing agency and the Public Housing Administration in which the public housing agency agrees to borrow from the Public Housing Administration, and the Public Housing Administration agrees to lend to the public housing agency, prior to the maturity of the obligations (which obligations shall have a maturity of not more than 18 months), moneys in an amount that (together with any other moneys irrevocably committed to the payment of interest on such obligations) will suffice to pay the principal of the obligations with interest to maturity thereon, which moneys under the terms of the agreement are required to be used for the purpose of paying the principal of and the interest on such obligations at their maturity.(b) A pledge of annual contributions under an annual contributions contract between such public housing agency and the Public Housing Administration if the contract shall contain the covenant by the Public Housing Administration that is authorized by subsection (b) of Section 22 of the United States Housing Act of 1937, as amended, and if the maximum sum and the maximum period specified in such contract pursuant to that subsection 22(b) shall not be less than the annual amount and the period for payment that are requisite to provide for the payment when due of all installments of principal and interest on the obligations.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 816 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1 - FINANCIAL INSTITUTIONS|CHAPTER 10 - Legal Investments for Nonbank Licensees|Section 816.

816.  Bonds secured by an insurance commitment of the Federal Housing Administration.(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1000 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 1 - General Provisions|Section 1000.

1000.  When authorized by the commissioner as provided in Chapter 3 (commencing with Section 1040) a corporation may be formed by one or more persons in accordance with the laws of this state for the purpose of conducting a commercial banking business or a trust business, or both of them. The qualification requirements of the Corporate Securities Law of 1968 shall not apply to the offer and sale of securities issued by and representing an interest in or a direct obligation of a bank or trust company incorporated under the laws of this state if the securities are offered and sold pursuant to the commissioner’s authorization described in Section 1201 or the securities are exempt from authorization pursuant to Section 1202, or by a regulation or order of the commissioner.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1001 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 1 - General Provisions|Section 1001.

1001.  This division is known, and may be cited, as the “Banking Law.”(Added by Stats. 2014, Ch. 64, Sec. 10. (AB 2742) Effective January 1, 2015.)
CA Fin Code § 1002 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 1 - General Provisions|Section 1002.

1002.  No bank shall be a close corporation (as defined in Section 158 of the Corporations Code).(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1003 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 1 - General Provisions|Section 1003.

1003.  Except where explicitly stated or the context provides otherwise, this division is applicable to the following:(a) All corporations engaging in commercial banking, industrial banking, or the trust business.(b) All national banking associations authorized to transact business in this state to the extent that the provisions of this division are not inconsistent with and do not infringe paramount federal laws governing national banking associations.(c) All other corporations that subject themselves to the special provisions and sections of this division.(d) All other persons, associations, copartnerships, or corporations who, by violating any of its provisions, become subject to the penalties provided for in this division.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1004 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 1 - General Provisions|Section 1004.

1004.  (a) A California state bank is a corporation incorporated under Division 1 (commencing with Section 100) of Title 1 of the Corporations Code or, in the case of a public bank, a corporation incorporated under Part 2 (commencing with Section 5110) or Part 3 (commencing with Section 7110) of Division 2 of Title 1 of the Corporations Code, that is, with the approval of the commissioner, incorporated for the purpose of engaging in, or that is authorized by the commissioner to engage in, the commercial or industrial banking business.(b) (1) All provisions of law applicable to corporations generally, including, but not limited to, the General Corporation Law (Division 1 (commencing with Section 100), Title 1 of the Corporations Code) shall apply to a bank that is not a public bank. However, whenever any provision of this division or any regulation or order issued under any provision (other than this section) of this division applicable to banks is inconsistent with any provision of law applicable to corporations generally, that provision of this division or that regulation or order shall apply and the provision of law applicable to corporations generally shall not apply.(2) All provisions of law applicable to nonprofit corporations generally, including, but not limited to, the Nonprofit Corporation Law (Division 2 (commencing with Section 5000), Title 1 of the Corporations Code) shall apply to public banks. Whenever a provision of Division 5 of Title 5 of the Government Code applicable to public banks is inconsistent with a provision of law applicable to nonprofit mutual benefit corporations or nonprofit public benefit corporations generally, the provision of Division 5 of Title 5 of the Government Code applicable to public banks shall apply, and the inconsistent provision of law applicable to nonprofit mutual benefit corporations or nonprofit public benefit corporations generally shall not apply to a public bank.(c) As used in this section, public bank has the same meaning as defined in Section 57600 of the Government Code.(Amended by Stats. 2019, Ch. 442, Sec. 5. (AB 857) Effective January 1, 2020.)
CA Fin Code § 1005 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 1 - General Provisions|Section 1005.

1005.  It shall be unlawful for any person, corporation, limited liability company, partnership, firm, or any other form of business entity allowed by law, to engage in or transact commercial banking business, industrial banking business, or trust business within this state except by means of a corporation duly organized for that purpose.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1006 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 1 - General Provisions|Section 1006.

1006.  No corporation shall hereafter be organized under the laws of this state to transact the business of a commercial bank, industrial bank, or trust company, except as provided in this chapter.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1007 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 1 - General Provisions|Section 1007.

1007.  Neither the enactment of this code nor the amendment or repeal thereof, nor the repeal of any statute affected thereby, shall take away or impair any liability or cause of action existing or incurred against any bank or trust company, or the shareholders, directors, or officers thereof.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1008 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 1 - General Provisions|Section 1008.

1008.  When applicable to a corporation organized as a public bank, as defined in Section 57600 of the Government Code, references in this division to share, shareholder, or stockholder shall mean membership or member in the public bank, as applicable.(Added by Stats. 2019, Ch. 442, Sec. 6. (AB 857) Effective January 1, 2020.)
CA Fin Code § 1020 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 2 - Application|Section 1020.

1020.  The request for authority to organize and establish a corporation to engage in the banking or trust business shall be set forth in an application in such form and containing such information as the commissioner may require and shall be accompanied by a fee of five thousand dollars ($5,000).(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1021 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 2 - Application|Section 1021.

1021.  Upon receiving a request for an application, the commissioner shall inform the prospective applicant in writing that the commissioner is available to confer with such prospective applicant in advance of the filing of an application for the purpose of discussing questions relating to such application. However, no application shall be decided in advance of filing.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1022 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 2 - Application|Section 1022.

1022.  Upon the filing of an application the commissioner shall make or cause to be made a careful investigation and examination relative to the following:(a) The character, reputation, and financial standing of the organizers or incorporators and their motives in seeking to organize the proposed bank or trust company.(b) The need for banking or trust facilities or additional banking or trust facilities, as the case may be, giving particular consideration to the adequacy of existing banking or trust facilities and the need for further banking or trust facilities.(c) The character, financial responsibility, banking or trust experience, and business qualifications of the proposed officers of the bank or trust company.(d) The character, financial responsibility, business experience, and standing of the proposed stockholders and directors.(e) Other facts and circumstances bearing on the proposed bank or trust company and its relation to the locality as in the opinion of the commissioner may be relevant.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1023 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 2 - Application|Section 1023.

1023.  The commissioner may give or withhold his or her approval of the application in his or her discretion, but he or she shall not approve the application until he or she has ascertained to his or her satisfaction:(a) That the public convenience and advantage will be promoted by the establishment of the proposed bank or trust company.(b) That the proposed bank or trust company will have a reasonable promise of successful operation.(c) That the bank is being formed for no other purpose than the legitimate objects contemplated by this division.(d) That the proposed capital structure is adequate.(e) That the proposed officers and directors have sufficient banking or trust experience, ability, and standing to afford reasonable promise of successful operation.(f) That the name of the proposed bank or trust company does not resemble, so closely as to be likely to cause confusion, the name of any other bank or trust company transacting business in this state or which had previously transacted business in this state.(g) That the applicant has complied with all of the applicable provisions of this division.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1024 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 2 - Application|Section 1024.

1024.  (a) In this section, “control” has the meaning set forth in Section 1250.(b) For purposes of Section 1023, the commissioner may find:(1) That a proposed officer or director of a proposed bank or trust company does not have sufficient standing to afford reasonable promise of successful operation if such person has been convicted of, or has pleaded nolo contendere to, any crime involving fraud or dishonesty.(2) That the establishment of a proposed bank or trust company will not promote the public convenience and advantage if any person who is proposed to control the proposed bank or trust company or any director or officer of such person has been convicted of, or has pleaded nolo contendere to, any crime involving fraud or dishonesty.(c) Subdivision (b) shall not be deemed to be the only grounds upon which the commissioner may find, for purposes of Section 1023, that a proposed officer or director of a proposed bank or trust company does not have sufficient standing to afford reasonable promise of successful operation or that the establishment of a proposed bank or trust company will not promote the public convenience and advantage.(Amended by Stats. 2013, Ch. 334, Sec. 32. (SB 537) Effective January 1, 2014.)
CA Fin Code § 1025 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 2 - Application|Section 1025.

1025.  At least 30 days before denying an application, the commissioner shall by mail or other method of service give written notice of the intended denial of an application and of the right of the applicant to meet with the commissioner regarding the reasons for such denial. The request for such meeting shall be in writing and delivered to the commissioner within 20 calendar days of the date of giving of the notice of intended denial. If a request is made for such meeting, the application may not be denied until after the meeting.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1026 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 2 - Application|Section 1026.

1026.  The commissioner may, in approving an application to organize and establish a corporation to engage in the banking or trust business pursuant to Section 1023, impose any conditions the commissioner deems reasonable or necessary or advisable in the public interest.(Amended by Stats. 2013, Ch. 334, Sec. 33. (SB 537) Effective January 1, 2014.)
CA Fin Code § 1027 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 2 - Application|Section 1027.

1027.  (a) With the approval of the commissioner, a bank may be formed to facilitate a merger or an acquisition of control. The new bank may survive the merger or acquisition of control.(b) Sections 1020, 1021, 1022, 1023, and 1024 shall not apply to the formation of a bank pursuant to subdivision (a).(c) Article 4 (commencing with Section 370) of Chapter 3 of Division 1 shall apply to a bank formed pursuant to subdivision (a).(d) A request for approval to form a bank in accordance with subdivision (a) shall be accompanied by a fee of two thousand five hundred dollars ($2,500).(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1040 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 3 - Authorization to Engage in Banking|Section 1040.

1040.  In this article:(a) “Preopening expenditure” means any obligation incurred, or sum disbursed, by a bank prior to the time when it commences to transact banking business, for the purpose of organizing such bank.(b) “Preopening noncapital expenditure” means any preopening expenditure other than such preopening expenditures as may be capitalized.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1041 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 3 - Authorization to Engage in Banking|Section 1041.

1041.  The articles of incorporation of the proposed bank or trust company shall be submitted to the commissioner for his or her approval before they are filed with the Secretary of State pursuant to the Corporations Code. After the articles have been filed with the Secretary of State the proposed bank or trust company shall:(a) File with the commissioner a copy of its articles of incorporation, certified by the Secretary of State.(b) File with the commissioner a statement in the form and with any supporting data as the commissioner may require showing that the entire contributed capital has been fully paid in lawful money, unconditionally, and that the funds representing the contributed capital, less sums spent as authorized by this article for preopening expenditures are on deposit in a state or national bank in this state, subject to withdrawal on demand.(c) Pay to the commissioner a fee of two thousand five hundred dollars ($2,500).(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1042 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 3 - Authorization to Engage in Banking|Section 1042.

1042.  If the commissioner finds that the proposed bank or trust company has in good faith complied with all the requirements of law and fulfilled all the conditions precedent to commencing business imposed by this code or by regulation, the commissioner shall, within 30 days after the statement and supporting data specified in Section 1041 have been filed with him or her, issue in duplicate a certificate of authorization to transact business as a bank or trust company, as the case may be, and shall transmit one copy to the bank or trust company and place one copy on file in the department. The certificate of authorization shall state that the corporation named therein has complied with all the provisions of this code governing organization of banks or trust companies and that it is authorized to transact the business specified therein.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1043 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 3 - Authorization to Engage in Banking|Section 1043.

1043.  It shall be unlawful to accept payment of subscriptions for shares of any corporation proposing to engage in the banking or trust business unless authority to organize such corporation has been granted by the commissioner.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1044 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 3 - Authorization to Engage in Banking|Section 1044.

1044.  No corporation organized to transact a commercial banking or trust business shall transact any business until the commissioner has issued his or her certificate authorizing it to transact such business. No bank or trust company shall incur any indebtedness except that which is incidental to its organization until the amount of its contributed capital has been fully paid in lawful money to the cashier or chief financial officer thereof.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1045 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 3 - Authorization to Engage in Banking|Section 1045.

1045.  If the proposed bank or trust company fails to file evidence of incorporation and organization with the commissioner pursuant to Section 1041 within one year after the approval of the application for authority to organize the bank or trust company, the right to organize the bank or trust company automatically terminates. The commissioner, however, for good cause on written application filed before the expiration of the original period or any additional period, as the case may be, and payment of a fee of one hundred dollars ($100), may extend for additional periods not in excess of six months each the time within which the bank or trust company may be organized.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1046 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 3 - Authorization to Engage in Banking|Section 1046.

1046.  If the proposed bank or trust company fails to open for business within 90 days after the issuance of the certificate of authorization, the right to transact business automatically terminates. The commissioner, however, for good cause on written application filed before the end of said 90-day period, may extend for one additional period of not to exceed 90 days the time within which the bank or trust company may open for business.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1047 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 3 - Authorization to Engage in Banking|Section 1047.

1047.  It is unlawful to apply any part of the funds collected from subscribers or shareholders to the payment of commissions or fees for obtaining subscriptions or selling shares or, except with the prior approval of the commissioner, to the payment of preopening noncapital expenditures.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1048 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 3 - Authorization to Engage in Banking|Section 1048.

1048.  Every bank and trust company shall keep posted in a conspicuous place in its banking room at its head office the certificate of authority to transact a banking or trust business issued by the commissioner.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)