reglab/statecodes huggingface dataset:
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.103 - Percent (Including Associates) Equity Security Owner

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"__ percent (including associates) equity security
						owner," when used with respect to a corporation or other organization, means
						any person who owns, directly or indirectly, of record or beneficially, equity
						securities of such corporation or other organization which, when combined with
						the equity securities of the corporation or other organization owned, directly
						or indirectly, of record or beneficially by all associates of such person,
						constitute the specified percentage or more of any class of the equity
						securities of the corporation or other organization.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.104 - Percent (Including Consociates) Equity Security Owner

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"__ percent (including consociates) equity security
						owner," when used with respect to a corporation or other organization, means
						any person who owns, directly or indirectly, of record or beneficially, equity
						securities of such corporation or other organization which, when combined with
						the equity securities of the corporation or other organization owned, directly
						or indirectly, of record or beneficially, by all consociates of such person,
						constitute the specified percentage or more of any class of the equity
						securities of the corporation or other organization.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.105 - Advertisement

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Advertisement" means any written or printed
						communication or any communication by means of recorded telephone messages or
						spoken on radio, television, or similar communications media.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.106 - Adviser

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Adviser" means an attorney at law, a certified public
						accountant, an economist, or a person who engages in the business of providing
						advice on matters relating to the banking business, including establishing a
						bank or an office of a bank, merging, selling, or purchasing a bank, or
						operating a bank.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.107 - Affiliate

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Affiliate," when used with respect to a specified
						person, means any person controlling, controlled by, or under common control
						with, such specified person, directly or indirectly through one or more
						intermediaries.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.108 - Agency

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Agency," when used to designate a United States office
						of a foreign (other nation) bank, means a depositary agency or a nondepositary
						agency.
1.
						Amendment filed 10-15-81 as an emergency; effective upon filing (Register 81,
						No. 44). A Certificate of Compliance must be transmitted to OAL within 120 days
						or emergency language will be repealed on 2-12-82.
2. Certificate of
						Compliance transmitted to OAL 2-11-82 and filed 3-12-82 (Register 82, No.
						11).
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Division 1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.109 - Appropriate Federal Bank Regulatory Agency

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Appropriate federal bank regulatory agency"
						means:
(a) When used with respect to a
					 national bank, the Comptroller of the Currency.
(b) When used with respect to a member state
					 bank, the Board of Governors of the Federal Reserve System.
(c) When used with respect to a nonmember
					 state bank, the Federal Deposit Insurance Corporation.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.110 - Associate

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Associate," when used to indicate a relationship with a
						specified person who is related with a bank, means:
(a) Any corporation or other organization
					 (other than the bank or a subsidiary of the bank) of which the specified person
					 is an officer or partner or is, directly or indirectly, the beneficial owner of
					 10% or more of any class of the equity securities.
(b) Any trust or other estate in which the
					 specified person has a substantial beneficial interest or as to which the
					 specified person serves as a trustee or in a similar fiduciary
					 capacity.
(c) Any relative or
					 spouse of the specified person, or any relative of such spouse, who has the
					 same home as the specified person or who is a director or officer of the bank
					 or of any parent or subsidiary of the bank.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.111 - Bank

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Bank" has the meaning set forth in Financial Code
						Section
						103. "Bank"
						includes state banks, national banks, and foreign banks; also, "bank" includes
						commercial banks and trust companies. However, "bank" does not include
						international banking corporations.
1. Change
						without regulatory effect amending section and adding NOTE filed 8-21-2019
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 2019, No. 34).
Note: Authority cited: Section
						  326,
						  Financial Code. Reference: Section
						  103,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.112 - Banking Business

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Banking business" includes commercial banking business,
						industrial banking business, and trust business. "Banking business" also
						includes commercial banking business and industrial banking business engaged in
						by a public bank.
1.
						Amendment of section and new NOTE filed 9-14-2021; operative 1-1-2022 (Register
						2021, No. 38).
Note: Authority cited: Section
						  326,
						  Financial Code. Reference: Sections
						  103 and
						  119,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.113 - Beneficial

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Beneficial," when used with respect to ownership of
						securities by a specified person, includes, in addition to direct and indirect
						beneficial ownership by such specified person, direct and indirect beneficial
						ownership.
(a) By the spouse (except
					 where legally separated) and minor children (including stepchildren and adopted
					 children) of the specified person; and
(b) By any other relative of the specified
					 person who has the same home as the specified person.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.114 - Branch Office

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
					 "Branch office," when used with respect to a California state bank, means any
					 place at which such bank, in case it is a commercial bank, engages in the
					 business of receiving deposits, paying checks, or making loans or any place at
					 which such bank, in case it is a trust company, engages in the business of
					 receiving fiduciary assets or administering fiduciary accounts. However, a
					 place at which a California state bank engages in one or more of the following
					 activities does not on that account constitute a branch office of the bank:
(1) A place at which the bank engages in the
					 business of receiving deposits or fiduciary assets solely by means of United
					 States mail addressed to a post office box.
(2) A place at which the bank engages in the
					 business of receiving deposits or fiduciary assets solely by means of a
					 messenger who is an independent contractor or an employee of the
					 bank.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.115 - California

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) "California,"
					 when used with respect to a bank means, in the case of a state bank, a bank
					 which is organized under the laws of the State of California and, in the case
					 of a national bank, a national bank which maintains its head office in the
					 State of California.
(b)
					 "California," when used with respect to an office of a bank, means an office
					 which is located in the State of California.
(c) "California" when used with respect to
					 any corporation other than a bank, means a corporation which is organized under
					 the laws of the State of California.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.116 - Capital Notes

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Capital notes" includes debentures.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.117 - Commercial Bank

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Commercial bank" has the meaning set forth in Financial
						Code Section
						107.
1. Change
						without regulatory effect amending section and adding NOTE filed 8-21-2019
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 2019, No. 34).
Note: Authority cited: Section
						  326,
						  Financial Code. Reference: Section
						  107,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.118 - Commercial Bank with Trust Department

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Commercial bank with trust department" means a
						commercial bank which is authorized to engage in trust
						business.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.119 - Commercial Bank Without Trust Department

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Commercial bank without trust department" means a
						commercial bank which is not authorized to engage in trust
						business.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.120 - Commercial Banking Business

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Commercial banking business" means the business of a
						commercial bank which is not authorized to engage in the trust
						business.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.121 - Commercial Banking Department

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Commercial banking department," when used with respect
						to a commercial bank which is authorized to engaged in trust business, means
						all divisions of such commercial bank other than the division through which it
						engages in trust business.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.122 - Consociate

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Consociate," when used to indicate a relationship with a
						specified person who is related with a bank, means:
(a) Any corporation or other organization
					 (other than the bank or a subsidiary of the bank) of which the specified person
					 is an officer or partner or is, directly or indirectly, the beneficial owner of
					 10% or more of any class of the equity securities, and any person who is an
					 executive officer, general partner, or beneficial owner, directly or
					 indirectly, of 10% or more of any class of the equity securities of such
					 corporation or other organization.
(b) Any trust or other estate in which the
					 specified person has a substantial beneficial interest or as to which the
					 specified person serves as a trustee or in a similar fiduciary capacity, and
					 any person who has a substantial beneficial interest in, or who serves as a
					 trustee or in a similar fiduciary capacity of, such trust or other
					 estate.
(c) Any relative or spouse
					 of the specified person, or any relative of such spouse, who has the same home
					 as such specified person or who is a director or officer of, the bank or of any
					 parent or subsidiary of the bank.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.123 - Control

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Control" means the possession, direct or indirect, of
						the power to direct or cause the direction of the management and policies of a
						person, whether through the ownership of voting securities, by contract, or
						otherwise. However, "control," when used with respect to acquiring control of
						or controlling a bank, has the meaning set forth in Financial Code Section
						700(b).
1.
						Amendment filed 10-15-81 as an emergency; effective upon filing (Register 81,
						No. 44). A Certificate of Compliance must be transmitted to OAL within 120 days
						or emergency language will be repealed on 2-12-82.
2. Certificate of
						Compliance transmitted to OAL 2-11-82 and filed 3-12-82 (Register 82, No.
						11).
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Division 1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.124 - Court Trust

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Court trust" has the meaning set forth in Financial Code
						Section
						1601.
1. Change
						without regulatory effect amending section and adding NOTE filed 8-21-2019
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 2019, No. 34).
Note: Authority cited: Section
						  326,
						  Financial Code. Reference: Section
						  1601,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.125 - Demand Deposit. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 4-7-97; operative 4-7-97 pursuant to Government Code section
						11343.4(d)
						(Register 97, No. 15).
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.126 - Depositary Agency

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Depositary agency," when used with respect to a foreign
						(other nation) bank, has the meaning set forth in Financial Code Section
						1750(e).
						In addition, "depositary agency" includes any foreign (other state) office of a
						foreign (other nation) bank which is substantially equivalent to a depositary
						agency, as defined in Financial Code Section
						1750(e).
						"Depositary agency" includes any federal agency of a foreign (other nation)
						bank.
1.
						Amendment filed 10-15-81 as an emergency; effective upon filing (Register 81,
						No. 44). A Certificate of Compliance must be transmitted to OAL within 120 days
						or emergency language will be repealed on 2-12-82.
2. Certificate of
						Compliance transmitted to OAL 2-11-82 and filed 3-12-82 (Register 82, No.
						11).
3. Change without regulatory effect amending section and NOTE
						filed 8-21-2019 pursuant to section
						100, title 1, California Code of
						Regulations (Register 2019, No. 34).
Note: Authority cited: Section
						  326,
						  Financial Code. Reference: Section
						  1750,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.127 - Depositary Trust Company

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Depositary trust company" means a trust company which is
						a commercial bank authorized to engage in trust business.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.128 - Employee of Commercial Banking Department

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Employee of commercial banking department," when used
						with respect to a commercial bank with trust department, means any employee of
						such bank who is employed as an employee of the commercial banking department
						of the bank or who regularly devotes a substantial amount of his time in his
						capacity as an employee of the bank to the business of the commercial banking
						department of the bank.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.129 - Employee of Trust Department

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Employee of trust department," when used with respect to
						a commercial bank with trust department or a title insurance and trust company,
						means any employee of such commercial bank with trust department or of such
						title insurance and trust company, as the case may be, who is employed as an
						employee of the trust department of the institution or who regularly devotes a
						substantial amount of his time in his capacity as an employee of the
						institution to the business of the trust department of the
						institution.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.130 - Equity Security

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Equity security" means any stock or similar security, or
						any security convertible, with or without consideration, into such a security
						or carrying any warrant or right to purchase such a security, or any such
						warrant or right.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.131 - Executive Officer

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Executive officer," when used with respect to a
						specified person (other than an individual), means any person who participates
						or has authority to participate, otherwise than in the capacity of a director,
						in major policy-making functions of such specified person, regardless of
						whether or not he has an official title, whether or not his title contains a
						designation of assistant, and whether or not he serves with salary or other
						compensation. Each of the following is rebuttably presumed to be an executive
						officer of a bank unless he is excluded by the by-laws of such bank or by
						resolution of the board of the bank from participating in major policy-making
						functions and does not actually participate therein: the chairman of the board,
						the vice-chairman of the board, the chairman of the executive committee, the
						president, any vice president (except as otherwise provided in the next
						sentence and excluding any assistant vice president), the secretary, the chief
						financial officer, the cashier, the treasurer, the controller, and any trust
						officer (including any senior trust officer, but excluding any assistant trust
						officer). In the case of a bank which has a number of vice-presidents with the
						title "Vice-President" and some higher ranking vice-presidents with titles such
						as "Executive Vice-President," "Senior Vice-President," or "First
						Vice-President," none of the vice-presidents with the title "Vice-President" is
						presumed to be an executive officer of such bank.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.131.2 - Federal

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Federal," when used with respect to a United States
						office of a foreign (other nation) bank, means an office which such bank is
						authorized to maintain under federal law.
1. New
						section filed 10-15-81 as an emergency; effective upon filing (Register 81, No.
						44). A Certificate of Compliance must be transmitted to OAL within 120 days or
						emergency language will be repealed on 2-12-82.
2. Certificate of
						Compliance transmitted to OAL 2-11-82 and filed 3-12-82 (Register 82, No.
						11).
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Division 1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.131.4 - Federal Agency

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Federal agency," when used with respect to a foreign
						(other nation) bank, has the meaning set forth in Section
						1(b)(5) of the
						International Banking Act of 1978.
1. New
						section filed 10-15-81 as an emergency; effective upon filing (Register 81, No.
						44). A Certificate of Compliance must be transmitted to OAL within 120 days or
						emergency language will be repealed on 2-12-82.
2. Certificate of
						Compliance including amendment of NOTE transmitted to OAL 2-11-82 and filed
						3-12-82 (Register 82, No. 11).
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Division 1, Financial Code; and Section
						  1(b)(5),
						  International Banking Act of 1978 (12 USC Section
						  3101).
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.131.6 - Federal Branch Office

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Federal branch office," when used with respect to a
						foreign (other nation) bank, has the meaning set forth for "federal branch" in
						Section 1(b)(6) of the
						International Banking Act of 1978. "Federal branch office," when used with
						respect to a foreign (other nation) bank, includes federal limited branch
						offices, federal retail branch offices, and federal wholesale branch
						offices.
1. New
						section filed 10-15-81 as an emergency; effective upon filing (Register 81, No.
						44). A Certificate of Compliance must be transmitted to OAL within 120 days or
						emergency language will be repealed on 2-12-82.
2. Certificate of
						Compliance including amendment of NOTE transmitted to OAL 2-11-82 and filed
						3-12-82 (Register 82, No. 11).
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Division 1, Financial Code; and Section
						  1(b)(6),
						  International Banking Act of 1978 (12 USC Section
						  3101).
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.131.7 - Financial Product or Service

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) For purposes of Government Code section
					 57604,
					 "financial product or service" means a type of product or service offered by a
					 financial institution, such as a loan or a checking account or a savings
					 account. Products and services are considered the same if they are in the same
					 product category such as being a loan, a checking account or a savings account,
					 and offer the same, or substantially similar product features, benefits and
					 terms such as fees and interest rates charged or earned.
(b) At least 30 days prior to the date the
					 public bank proposes to offer a financial product or service which the public
					 bank believes is not offered by a local financial institution, the public bank
					 must submit a written request to the Commissioner for approval to offer such
					 product or service. The public bank must submit with its request comprehensive
					 documentation and information dated no more than ninety (90) days before
					 submission, which supports the bank's assertion that the product or service is
					 not offered by a local financial institution. Such comprehensive documentation
					 and information shall include: local market product offering surveys that
					 include the product type, fees, interest rates, and additional terms, as well
					 as any other information the public bank believes supports its request. The
					 public bank shall not offer such product or service unless the Commissioner
					 approves the public bank's request. If the Commissioner does not respond within
					 thirty days of having received the required documentation and information, the
					 public bank may offer such product or service.
1. New
						section filed 9-14-2021; operative 1-1-2022 (Register 2021, No.
						38).
Note: Authority cited: Section
						  326,
						  Financial Code; and Section
						  57607,
						  Government Code. Reference: Section
						  57604. Government
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.132 - Foreign

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) "Foreign," when
					 used with respect to a bank, means a foreign (other nation) bank or a foreign
					 (other state) bank.
(b) "Foreign,"
					 when used with respect to an office of a bank, means a foreign (other nation)
					 office or a foreign (other state) office.
(c) "Foreign," when used with respect to any
					 corporation other than a bank, means a foreign (other nation) corporation or a
					 foreign (other state) corporation.
1.
						Amendment of subsection (a) filed 10-15-81 as an emergency; effective upon
						filing (Register 81, No. 44). A Certificate of Compliance must be transmitted
						to OAL within 120 days or emergency language will be repealed on
						2-12-81.
2. Certificate of Compliance transmitted to OAL 2-11-82 an
						filed 3-12-82 (Register 82, No. 11).
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Division 1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.133 - Foreign Nation

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Foreign nation" has the meaning set forth in Financial
						Code Section
						1700(j).
1.
						Amendment filed 10-15-81 as an emergency; effective upon filing (Register 81,
						No. 44). A Certificate of Compliance must be transmitted to OAL within 120 days
						or emergency language will be repealed on 2-12-81.
2. Certificate of
						Compliance transmitted to OAL 2-11-82 and filed 3-12-82 (Register 82, No.
						11).
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Division 1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.134 - Foreign (Other Nation)

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
					 "Foreign (other nation)," when used with respect to a bank, means any bank
					 (including any commercial bank, merchant bank, or other institution that
					 engages in banking activities which are usual in connection with the business
					 of banking in the nations where such institution is organized or operating)
					 other than (1) a state bank or (2) a national bank which maintains its head
					 office in a state of the United States.
(b) "Foreign (other nation)," when used with
					 respect to an office of a bank, means an office which is located in a place
					 other than a state of the United States.
(c) "Foreign (other nation)," when used with
					 respect to any corporation other than a bank, means a corporation which is
					 organized under the laws of a foreign nation.
(d) "Foreign (other nation)," when used with
					 respect to a deposit, means a deposit of the kind described in Financial Code
					 Section
					 1805(a)(2).
1.
						Amendment of subsections (a) and (d) filed 10-15-81 as an emergency; effective
						upon filing (Register 81, No. 44). A Certificate of Compliance must be
						transmitted to OAL within 120 days or emergency language will be repealed on
						2-12-82.
2. Certificate of Compliance transmitted to OAL 2-11-82 and
						filed 3-12-82 (Register 82, No. 11).
3. Change without regulatory
						effect amending subsection (d) and NOTE filed 8-21-2019 pursuant to section
						100, title 1, California Code of
						Regulations (Register 2019, No. 34).
Note: Authority cited: Section
						  326,
						  Financial Code. Reference: Sections
						  1753 and
						  1805,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.135 - Foreign (Other State)

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
					 "Foreign (other state)," when used with respect to a bank, means a bank which
					 is organized under the laws of any state of the United States other than the
					 State of California or a national bank which maintains its head office in any
					 state of the United States other than the State of California.
(b) "Foreign (other state)," when used with
					 respect to an office of a bank, means an office which is located in a state of
					 the United States other than the State of California.
(c) "Foreign (other state)," when used with
					 respect to any corporation other than a bank, means a corporation which is
					 organized under the laws of any state of the United States other than the State
					 of California or under the laws of the United States.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.135.1 - Governing Board of Public Bank

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Governing board of a public bank" means the board of
						directors of a public bank.
1. New
						section filed 9-14-2021; operative 1-1-2022 (Register 2021, No.
						38).
Note: Authority cited: Section
						  326,
						  Financial Code; and Section
						  57607,
						  Government Code. Reference: Sections
						  54956.97
						  and
						  54956.98,
						  Government Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.136 - Head Office

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Head office," when used with respect to a bank, has the
						meaning set forth in Financial Code Section
						121.
1. Change
						without regulatory effect amending section and adding NOTE filed 8-21-2019
						pursuant to section
						100, title 1, California Code of
						Regulations (Register 2019, No. 34).
Note: Authority cited: Section
						  326,
						  Financial Code. Reference: Section
						  121,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.137 - Immediate Family

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Immediate family," when used with respect to a person,
						includes such person's:
(a) Parents
					 and any ancestor of any of them.
(b) Children and any descendant of any of
					 them.
(c) Stepparents and
					 stepchildren.
(d) Brothers and
					 sisters.
(e) Spouse.
For purposes of this Section, an adopted child shall be
						deemed to be a natural child.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.138 - Independent Trust Company

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Independent trust company" means any trust company other
						than a depositary trust company.
1.
						Amendment of section and new NOTE filed 4-7-97; operative 4-7-97 pursuant to
						Government Code section
						11343.4(d)
						(Register 97, No. 15).
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Division 1, Financial
						  Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.139 - Insured

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Insured," when used with respect to a bank or to an
						office of a bank, means a bank or an office of a bank the deposits of which are
						insured by the Federal Deposit Insurance Corporation in accordance with the
						provisions of the Federal Deposit Insurance Act.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.140 - International Banking Corporation

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"International banking corporation" means a corporation
						organized under Section
						25(a) of the
						Federal Reserve Act (12
						U.S.C. Sections 611 to
						633, inclusive) or Article 1
						(commencing with Section
						3500), Chapter 19 of the Banking
						Law or any similar corporation organized under the laws of any state of the
						United States other than the State of California.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.140.1 - Jurisdiction

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) For purposes of
					 Government Code section
					 57604,
					 "jurisdiction of the local agency or agencies" means the total geographic area
					 covered or serviced by a local agency or local agencies.
(b) For purposes of Government Code section
					 57604,
					 "jurisdiction of the public bank" means the jurisdiction of the local agency or
					 agencies.
1. New
						section filed 9-14-2021; operative 1-1-2022 (Register 2021, No.
						38).
Note: Authority cited: Section
						  326,
						  Financial Code; and Section
						  57607. Government Code. Reference:
						  Section
						  57604,
						  Government Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.140.5 - Limited Branch Office

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Limited branch office," when used with respect to a
						foreign (other nation) bank, has the meaning set forth in Financial Code
						Section
						1750(j).
						In addition, "limited branch office" includes any foreign (other state) office
						of a foreign (other nation) bank which is substantially equivalent to a limited
						branch office, as defined in Financial Code Section
						1750(j).
1. New
						section filed 10-15-81 as an emergency; effective upon filing (Register 81, No.
						44). A Certificate of Compliance must be transmitted to OAL within 120 days or
						emergency language will be repealed on 2-12-81.
2. Certificate of
						Compliance transmitted to OAL 2-11-82 and filed 3-12-82 (Register 82, No.
						11).
3. Change without regulatory effect amending section and NOTE
						filed 8-21-2019 pursuant to section
						100, title 1, California Code of
						Regulations (Register 2019, No. 34).
Note: Authority cited: Section
						  326,
						  Financial Code. Reference: Sections
						  1750 and
						  1753,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.140.6 - Local Financial Institution

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) For purposes of Government Code section
					 57604, the
					 definition of "local financial institution" in Government Code section
					 57600
					 applies and the term is further defined as a financial institution that has a
					 physical presence within the jurisdiction of the public bank at
					 issue.
(b) "Physical presence"
					 means one or more branch offices. A financial institution shall not be
					 considered as having a physical presence within the jurisdiction of a public
					 bank solely because the financial institution has automated teller machine(s),
					 loan production office(s), or non-banking office(s) performing only corporate,
					 administrative or back office functions within such jurisdiction.
1. New
						section filed 9-14-2021; operative 1-1-2022 (Register 2021, No.
						38).
Note: Authority cited: Section
						  326,
						  Financial Code; and Section
						  57607,
						  Government Code. Reference: Section
						  57604,
						  Government Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.141 - Member

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Member" means:
(a) When used with respect to a commercial or
					 industrial bank, a bank which is a member of the Federal Reserve
					 System.
(b) When used with respect
					 to a public bank, the local agency or local agencies that own the public bank.
					 Nothing in this section prohibits a public bank from becoming a member of the
					 Federal Reserve System.
1.
						Amendment of section and new NOTE filed 9-14-2021; operative 1-1-2022 (Register
						2021, No. 38).
Note: Authority cited: Section
						  326,
						  Financial Code. Reference: Section
						  119,
						  Financial Code; and Sections
						  54956.98
						  and
						  57601,
						  Government Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.141.1 - Member of Governing Board of Public Bank

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) "Member of the governing board of the
					 public bank" means a member of the board of directors of a public
					 bank.
(b) "Designated alternate
					 member of the governing board of the public bank" means the person designated
					 by the local agency to represent the local agency at a meeting of the public
					 bank's board of directors in the event a primary regularly appointed member is
					 not available.
1. New
						section filed 9-14-2021; operative 1-1-2022 (Register 2021, No.
						38).
Note: Authority cited: Section
						  326,
						  Financial Code; and Section
						  57607,
						  Government Code. Reference: Sections
						  54956.97
						  and
						  54956.98,
						  Government Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.142 - National Bank

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"National bank" means a national banking association
						organized pursuant to the National Bank Act.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.143 - Nondepositary Agency

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Nondepositary agency," when used with respect to a
						foreign (other nation) bank, has the meaning set forth in Financial Code
						Section
						1750(k).
						In addition, "nondepositary agency" includes any foreign (other state) office
						of a foreign (other nation) bank which is substantially equivalent to a
						nondepositary agency, as defined in Financial Code Section
						1750(k).
						"Nondepositary agency" does not include any federal agency of a foreign (other
						nation) bank.
1.
						Amendment filed 10-15-81 as an emergency; effective upon filing (Register 81,
						No. 44). A Certificate of Compliance must be transmitted to OAL within 120 days
						or emergency language will be repealed on 2-12-82.
2. Certificate of
						Compliance transmitted to OAL 2-11-82 and filed 3-12-82 (Register 82, No.
						11).
3. Change without regulatory effect amending section and NOTE
						filed 8-21-2019 pursuant to section
						100, title 1, California Code of
						Regulations (Register 2019, No. 34).
Note: Authority cited: Section
						  326,
						  Financial Code. Reference: Sections
						  1750 and
						  1753,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.144 - Nondepositary Trust Company. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 4-7-97; operative 4-7-97 pursuant to Government Code section
						11343.4(d)
						(Register 97, No. 15).
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.145 - Nonmember. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
"Nonmember," when used with respect to a bank, means a
						bank which is not a member of the Federal Reserve System.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 1 - General Provisions › Subarticle 2 - Definitions › Section 10.146 - Non-Reserve Depositary. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 4-7-97; operative 4-7-97 pursuant to Government Code section
						11343.4(d)
						(Register 97, No. 15).