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 4 - Establishment of California State Banks › Subarticle 2 - Establishment of California State Commercial Bank, Industrial Bank, or Independent Trust Company › Part 5 - Post-Incorporation Matters › Subpart 3 - Other Post-Incorporation Matters › Section 10.3516 - Deposit with State Treasurer

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
After complying with Section
							 10.3515 of this Chapter but not
							 less than five business days before commencing business, a subject institution
							 which is to engage in trust business shall apply to the Commissioner for
							 approval of money or securities to be deposited with the State Treasurer; and,
							 before commencing business, such subject institution shall, pursuant to such
							 order as the Commissioner may issue, deposit with the State Treasurer money or
							 securities as security for the faithful performance and execution of all court
							 trusts accepted by the subject institution and money or securities for the
							 faithful performance of all private trusts accepted by the subject
							 institution.
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).
2. Change without regulatory effect amending
							 section filed 8-19-97 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 97, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Sections
								1500,
								1500.1 and Article 3, Chapter 12,
								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 4 - Establishment of California State Banks › Subarticle 2 - Establishment of California State Commercial Bank, Industrial Bank, or Independent Trust Company › Part 5 - Post-Incorporation Matters › Subpart 3 - Other Post-Incorporation Matters › Section 10.3517 - Report Regarding Differences from Application

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Not more than 30 days nor less than five
						  business days before commencing business, a subject institution shall file with
						  the Commissioner a report signed by an officer of such subject institution,
						  stating whether or not the subject institution is or is to be different in any
						  material respect from what was proposed in the application for authority to
						  organize the subject institution, and, if so, describing such
						  difference.
(b) As an
						  administrative standard, if the Commissioner finds that a subject institution
						  is or is to be different in any material respect from what was proposed in the
						  application for authority to organize such subject institution and that, if
						  such difference had existed at the time when the Commissioner decided the
						  application for authority to organize the subject institution, he would have
						  denied the application, the Commissioner will not issue a certificate of
						  authority to the subject institution.
1.
							 Change without regulatory effect amending section and adding new NOTE filed
							 8-19-97 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 97, No. 34).
2. Amendment of subsection (a)
							 and NOTE filed 4-14-98; operative 5-14-98 (Register 98, No.
							 16).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Sections
								350,
								362,
								401 and
								1934,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 2 - Establishment of California State Commercial Bank, Industrial Bank, or Independent Trust Company › Part 5 - Post-Incorporation Matters › Subpart 3 - Other Post-Incorporation Matters › Section 10.3518 - Time for Completing Organization

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) For purposes of Financial Code Section
						  1045, no
						  subject institution shall be deemed to have filed evidence of incorporation and
						  organization with the Commissioner pursuant to Financial Code Section
						  1041 unless
						  such subject institution shall have filed with the Commissioner:
(1) Copy of its articles of incorporation
						  certified by the Secretary of State.
(2) Reports called for in Section
						  10.3515 of this
						  Chapter.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 2 - Establishment of California State Commercial Bank, Industrial Bank, or Independent Trust Company › Part 5 - Post-Incorporation Matters › Subpart 3 - Other Post-Incorporation Matters › Section 10.3519 - Application for Issuance of Certificate of Authority and Fee

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Not less than
						  one business day before commencing business, a subject institution shall file
						  with the Commissioner an application for the issuance of a certificate of
						  authority authorizing such subject institution to transact commercial banking
						  business, trust business, or both, as the case may be. Such application shall
						  state:
(1) Address of the head office of the
						  subject institution.
(2) Date on
						  which the subject institution proposes to commence
						  business.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 2 - Establishment of California State Commercial Bank, Industrial Bank, or Independent Trust Company › Part 5 - Post-Incorporation Matters › Subpart 3 - Other Post-Incorporation Matters › Section 10.3520 - Deposit Insurance

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No subject institution which is a commercial bank
							 shall commence business unless it is an insured bank.
1.
							 Change without regulatory effect adding NOTE filed 8-21-2019 pursuant to
							 section 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Sections
								326 and
								334,
								Financial Code. Reference: Section
								181,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 2 - Establishment of California State Commercial Bank, Industrial Bank, or Independent Trust Company › Part 5 - Post-Incorporation Matters › Subpart 3 - Other Post-Incorporation Matters › Section 10.3521 - Report Regarding Commencement of Business

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Not more than five business days after commencing
							 business, a subject institution shall file with the Commissioner a report
							 stating the date on which it commenced business.
1.
							 Change without regulatory effect amending section and adding new NOTE filed
							 8-19-97 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 97, No. 34).
Note: Authority cited: Section
								215,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 2 - Establishment of California State Commercial Bank, Industrial Bank, or Independent Trust Company › Part 5 - Post-Incorporation Matters › Subpart 3 - Other Post-Incorporation Matters › Section 10.3522 - Reports Regarding Transaction of Business. [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 4 - Establishment of California State Banks › Subarticle 2 - Establishment of California State Commercial Bank, Industrial Bank, or Independent Trust Company › Part 5 - Post-Incorporation Matters › Subpart 3 - Other Post-Incorporation Matters › Section 10.3523 - Refinancing Purchase of Shares. [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 4 - Establishment of California State Banks › Subarticle 2 - Establishment of California State Commercial Bank, Industrial Bank, or Independent Trust Company › Part 5 - Post-Incorporation Matters › Subpart 3 - Other Post-Incorporation Matters › Section 10.3524 - Payment of Pre-Opening Noncapital Expenditures

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) After commencing business, a subject
						  institution may file with the Commissioner an application for approval to pay
						  pre-opening noncapital expenditures. Such an application shall contain:
(1) Total amount and itemized schedule of
						  pre-opening noncapital expenditures proposed to be paid.
(2) Itemized schedule of proposed payments of
						  pre-opening noncapital expenditures showing, with respect to each person to
						  whom the aggregate total amount proposed to be paid, directly or indirectly, is
						  $5,000 or more and, with respect to each director, officer, organizer, 25
						  percent (including consociates) equity security owner of the subject
						  institution, to whom any amount is proposed to be paid, directly or indirectly:
(A) Name of the person.
(B) Aggregate amount proposed to be paid to
						  the person.
(C) Description of
						  purpose of payment to the person.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 2 - Establishment of California State Commercial Bank, Industrial Bank, or Independent Trust Company › Part 5 - Post-Incorporation Matters › Subpart 3 - Other Post-Incorporation Matters › Section 10.3525 - Winding up and Dissolution

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In case the right of a subject institution to
							 transact business automatically terminates pursuant to Financial Code Section
							 1046, such
							 subject institution shall promptly surrender its certificate of authorization
							 to the Commissioner for cancellation. Also, the subject institution shall be
							 promptly wound up and dissolved, and the subject institution shall file with
							 the Commissioner:
(a) Copy of a
						  certificate of election to wind up and dissolve filed with the Secretary of
						  State pursuant to Corporations Code Section
						  1901,
						  certified by the Secretary of State.
(b) Either (1) a copy of a certificate of
						  dissolution filed with the Secretary of State pursuant to Corporations Code
						  Section
						  1905,
						  certified by the Secretary of State, or (2) a copy of an order entered by a
						  superior court pursuant to Corporations Code Section
						  1907,
						  certified by the clerk of such superior court.
1.
							 Change without regulatory effect amending section and adding new NOTE filed
							 8-19-97 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 97, No. 34).
2. Change without regulatory
							 effect amending first paragraph 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
								1046,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 1 - General Provisions › Section 10.3700 - Definition of "Applicant" and Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) In this Subarticle, "applicant" means a
						California state commercial bank which applies to the Commissioner for
						authority to engage in trust business.
(b) This Subarticle contains regulations
						relating to the establishment by an applicant of a trust department pursuant to
						Financial Code Section
						1551. This
						Part contains general provisions relating to the establishment by an applicant
						of a trust department. Part 2 (commencing with Section
						10.3750) of this Subarticle
						contains regulations relating to an application by an applicant for authority
						to engage in trust business. Part 3 (commencing with Section
						10.3800) of this Subarticle
						contains regulations which set forth administrative standards and procedures
						relating to an application by an applicant for authority to engage in trust
						business. Part 4 (commencing with Section
						10.3850) of this Subarticle
						contains regulations relating to matters after an application by an applicant
						for authority to engage in trust business is approved by the
						Commissioner.
1.
						  Change without regulatory effect amending section and adding new NOTE filed
						  8-19-97 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 97, No. 34).
2. Change without regulatory
						  effect amending subsection (b) 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
							 1551,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 1 - General Provisions › Section 10.3701 - Other Definition

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In this Subarticle, "proposed branch office," when used
						  with respect to an applicant, means a branch office which such applicant has
						  applied to the Commissioner for authority to establish, with respect to which
						  the Commissioner has either approved or not yet decided such application, and
						  which the applicant has not yet established.
1.
						  Change without regulatory effect amending section and adding new NOTE filed
						  8-19-97 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 97, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 1500.1,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 1 - General Provisions › Section 10.3702 - Commencement of Trust Business

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
For purposes of this Article, an applicant shall be
						  deemed to commence trust business at the time when, the Commissioner having
						  issued to such applicant a certificate of authority authorizing it to transact
						  trust business, the applicant opens its trust department for the purpose of
						  engaging in trust business.
1.
						  Change without regulatory effect amending section and adding new NOTE filed
						  8-19-97 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 97, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 1500.1,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3750 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Part contains regulations relating to an
						  application by an applicant for authority 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 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3751 - Information Required

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An application for authority to engage in trust
						  business shall contain the information called for in Sections
						  10.3752 to
						  10.3765, inclusive, of this
						  Chapter.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3752 - Information Regarding Proposed Locations

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
(1)
						State the address or vicinity of, or otherwise identify (such as by reference
						to an office of the applicant), each place at which the applicant proposes to
						establish a trust administration office.
(2) No applicant shall propose to establish a
						trust administration office at any place other than a place at which it
						maintains its head office or a branch office unless:
(A) Prior to or concurrently with the filing
						of the application for authority to engage in trust business, such applicant
						files with the Commissioner an application for authority to establish a branch
						office at such place. (For regulations relating to an application for authority
						to establish a branch office, refer to Part 2 (commencing with Section
						10.6700), Subarticle 3, of this
						Subchapter.).
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3753 - Information Regarding Proposed Market

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Describe the principal trust services
						which are proposed to be offered by the trust department.
(b) Describe the market that the trust
						department is proposed to serve.
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: Section
							 1500.1,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3754 - Information Regarding Marketing Plan. [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 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3755 - Information Regarding Proposed Officers, Employees, and Advisers

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Provide a table
						showing, with respect to the proposed senior trust officer and any other
						proposed officer of the trust department who has been selected:
(1) Name.
(2) Business address.
(3) Home address.
(4) Age.
(5) Business or occupation.
(6) Proposed title.
(7) Proposed duties.
(8) Proposed annual
						salary.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3756 - Information Regarding Proposed Premises, Furniture, and Equipment

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) State whether
						or not the applicant proposes, in connection with the establishment of the
						trust department, to purchase, lease, or construct any real property for the
						premises of the trust department or for other banking premises.
(b) State the total amount to be expended in
						connection with the premises, furniture and equipment of the trust
						administration office by the end of the first year of business.
1.
						  Amendment of subsection (a), repealer of subsections (a)(1), (a)(2), and
						  (c)-(i), new subsection (c) and new NOTE filed 4-7-97; operative 4-7-97
						  pursuant to Government Code section
						  11343.4(d)
						  (Register 97, No. 15).
2. Repealer of subsection (a) and subsection
						  relettering filed 4-14-98; operative 5-14-98 (Register 98, No.
						  16).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 1500.1,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3757 - Information Regarding Proposed Operations

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Describe the proposed policies and
						procedures of the trust department relating to:
(1) Acceptance of fiduciary
						accounts.
(2) Initial and periodic
						review of fiduciary accounts.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3758 - Information Regarding Capital Notes and Shareholders' Equity

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Provide a
						statement showing the capital notes and shareholders' equity of the applicant
						as of a date within 30 days before the filing of the application.
(b) State whether or not the applicant
						proposes, in connection with the establishment of the trust department, to
						increase its capital notes or shareholders' equity, and, if so, describe such
						proposal.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3759 - Information Regarding PRO Forma Financial Statements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Provide a pro forma fiduciary statement
						of the trust department as of the end of the first year of business, and as of
						the end of the second year of business.
(b) Provide a pro forma statement of income
						of the trust department for the first year of business, and for the second year
						of business.
(c) State whether or
						not the pro forma statements called for in Subdivision (b) of this Section
						include adjustments for (1) charges for a pro rata portion of administrative
						overhead or taxes or (2) credits for deposits of fiduciary account funds with
						the commercial banking department of the applicant, and, if so, describe such
						adjustments.
1.
						  Amendment of subsection (a), repealer of subsections (a)(1)-(a)(8), amendment
						  of subsection (b), repealer of subsections (b)(1)-(c), subsection relettering
						  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: Section
							 1500.1,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3760 - Information Regarding Effects on Competition. [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 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3761 - Information Regarding Public Convenience and Advantage. [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 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3762 - Information Regarding Reasonable Promise of Successful Operation

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Show that the trust department has a reasonable promise
						  of successful operation. Such showing shall include a description of the
						  opportunities for obtaining fiduciary accounts.
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: Section
							 1500.1,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3763 - Information Regarding Purposes of Applicant

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
State the reasons why the applicant wishes 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 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3764 - Information Regarding Assistance in Preparation of Application. [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 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3765 - Information Regarding Authorization of Board

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Provide a copy of a resolution of the board of the
						  applicant authorizing the applicant to apply for authority to engage in trust
						  business. Such copy of the resolution of the board of the applicant shall be
						  certified by the secretary or by an assistant secretary of the
						  applicant.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 2 - Application › Section 10.3766 - Fee

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An application by subject institution for authority to
						  engage in trust business shall be accompanied by the fee prescribed in
						  Financial Code Section
						  1500.1.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 3 - Administrative Standards and Procedures › Section 10.3800 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Part contains regulations which set forth
						  administrative standards and procedures relating to an application by an
						  applicant for authority 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 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 3 - Administrative Standards and Procedures › Section 10.3801 - Certificates of Authority

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In case the Commissioner approves an application by an
						  applicant which has branch offices for authority to engage in trust business,
						  he generally will, when he issues certificates of authority authorizing such
						  applicant to engage in trust business, issue certificates of authority
						  authorizing the applicant to engage in trust business at its head office and at
						  each of its branch offices.
1.
						  Change without regulatory effect amending section and adding new NOTE filed
						  8-19-97 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 97, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 1500.1,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 4 - Post-Approval Matters › Section 10.3850 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Part contains regulations relating to matters
						  after an application by an applicant for authority to engage in trust business
						  is approved by the Commissioner.
1.
						  Change without regulatory effect amending section and adding new NOTE filed
						  8-19-97 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 97, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 1500.1,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 4 - Post-Approval Matters › Section 10.3851 - Amendment of Articles

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
						An applicant shall file with the Commissioner an application for approval of an
						amendment of its articles which amends its articles to comply with the
						provisions of Financial Code Section
						600(b).
(b) Promptly after the certificate of
						amendment of articles of an applicant containing the amendment called for in
						Subdivision (a) of this Section is filed with the Secretary of State, such
						applicant shall file with the Commissioner a copy of such certificate of
						amendment of articles certified by the Secretary of State.
1.
						  Amendment of subsection (a) and new NOTE filed 4-7-97; operative 4-7-97
						  pursuant to Government Code section
						  11343.4(d)
						  (Register 97, No. 15).
2. Change without regulatory effect amending
						  section filed 8-19-97 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 97, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Sections
							 600.4 and
							 1500.1,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 4 - Post-Approval Matters › Section 10.3852 - Amendment of By-Laws. [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 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 4 - Post-Approval Matters › Section 10.3853 - Officers of Trust Department

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Except with the prior approval of the
						Commissioner, no applicant shall, at any time before commencing trust business,
						appoint as an officer of its trust department any person not named as such
						proposed officer in its application for authority to engage in trust
						business.
(b) An application for
						approval to appoint a person as an officer of the trust department of an
						applicant shall contain:
(1) Name of the
						proposed officer.
(2) Proposed
						title.
(3) Description of duties to
						be performed by the proposed officer.
(4) Amount of salary and description of other
						compensation to be paid to the proposed officer.
(5) Personal financial statement in the form
						of Department Form 2, containing the information called for therein, dated as
						of a date within 90 days before the filing of the application, and signed by
						the proposed officer.
(6)
						Confidential resume in the form of Department Form 3, containing the
						information called for therein, dated as of a date within 90 days before the
						filing of the application, and signed by the proposed officer.
(7) Statement dated as of a date within 90
						days before the filing of the application and signed by the proposed officer,
						stating:
(A) Trust, commercial banking, other
						financial, and other business experience of the proposed officer, including,
						with respect to each position held, title, description of duties, name and
						address of employer, period of employment, and reason for leaving.
(B) Whether or not the proposed officer has
						ever been discharged or requested to resign from any position, and, if so, an
						account of the circumstances.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 4 - Post-Approval Matters › Section 10.3854 - Committees of Board. [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 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 4 - Post-Approval Matters › Section 10.3855 - Policies

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Not less than five business days before commencing
						  trust business, an applicant shall, by resolution of its board, adopt the
						  following policies:
(a) Trust
						investment policy which complies with the requirements of Section
						10.3512(c) of
						this Chapter.
(b) Trust conflict of
						interest policy which complies with the requirements of Section
						10.3512(d) of
						this Chapter.
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: Section
							 1500.1,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 4 - Post-Approval Matters › Section 10.3856 - Deposit with State Treasurer

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Not less than five business days before commencing
						  trust business, an applicant shall file with the Commissioner an application
						  for approval of money or securities to be deposited with the State Treasurer;
						  and, before commencing trust business, such applicant shall, pursuant to such
						  order as the Commissioner may issue, deposit with the State Treasurer money or
						  securities as security for the faithful performance and execution of all court
						  trusts accepted by the applicant and money or securities as security for the
						  faithful performance of all private trusts accepted by the
						  applicant.
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).
2. Change without regulatory effect amending
						  section filed 8-19-97 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 97, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Sections
							 1500,
							 1500.1 and Article 3 (commencing
							 with Section
							 1540) of Chapter 12 of 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 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 4 - Post-Approval Matters › Section 10.3857 - Report Regarding Differences from Application

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Not more than 30 days nor less than five
						business days before commencing trust business, an applicant shall file with
						the Commissioner a report signed by an officer of such applicant, stating
						whether or not the trust department of the applicant is to be different in any
						material respect from what was proposed in the application for authority to
						engage in trust business, and, if so, describing such difference.
(b) As an administrative standard, if the
						Commissioner finds that the trust department of an applicant is to be different
						in any material respect from what was proposed in the application for authority
						to engage intrust business, and that, if such difference had existed at the
						time when the Commissioner decided such application for authority to engage in
						trust business, he would have denied the application, the Commissioner will not
						issue a certificate of authority to the applicant authorizing it to engage in
						trust business.
1.
						  Change without regulatory effect amending section and adding new NOTE filed
						  8-19-97 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 97, No. 34).
2. Amendment of subsection (a)
						  filed 4-14-98; operative 5-14-98 (Register 98, No.
						  16).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Sections
							 1500.1 and
							 1934,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 4 - Post-Approval Matters › Section 10.3858 - Expiration and Extension of Approval of Application

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The Commissioner's approval of an
						application for authority to engage in trust business shall, unless extended by
						the Commissioner, expire six months after the date of such approval.
(b) An application for an extension of the
						Commissioner's approval of an application for authority to engage in trust
						business shall contain:
(1) Date on which the
						approval is scheduled to expire.
(2) Description of progress to date in
						establishing the trust department.
(3) Proposed timetable for completing the
						establishment of the trust department.
(4) Amount of additional time requested for
						completing the establishment of the trust department.
(5) Statement of reasons why such additional
						time is required for completing the establishment of the trust
						department.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 4 - Post-Approval Matters › Section 10.3859 - Application for Issuance of Certificate of Authority

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Not less than one business day before commencing trust
						  business, an applicant shall file with the Commissioner an application for the
						  issuance of a certificate of authority authorizing it to transact trust
						  business. Such application shall state the date on which the applicant proposes
						  to commence trust business.
1.
						  Change without regulatory effect amending section and adding new NOTE filed
						  8-19-97 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 97, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 1500.1,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 4 - Post-Approval Matters › Section 10.3860 - Report Regarding Commencement of Trust Business. [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 4 - Establishment of California State Banks › Subarticle 3 - Establishment of Trust Department by California State Commercial Bank › Part 4 - Post-Approval Matters › Section 10.3861 - Report Regarding Transaction of Trust Business. [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 4 - Establishment of California State Banks › Subarticle 4 - Establishment of Trust Department by California Title Insurance Company [Repealed] › Part 1 - GENERAL PROVISIONS › Section 10.4000 - Definition of "Applicant" and Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section 1501, Financial
							 Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 4 - Establishment of Trust Department by California Title Insurance Company [Repealed] › Part 1 - GENERAL PROVISIONS › Section 10.4001 - Commencement of Trust Business

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 4 - Establishment of California State Banks › Subarticle 4 - Establishment of Trust Department by California Title Insurance Company [Repealed] › Part 2 - APPLICATION › Section 10.4050 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024