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 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 1 - General Provisions › Section 10.19071 - Eligibility. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						  Change without regulatory effect amending section filed 8-19-97 pursuant to
						  section 100, title 1, California Code of
						  Regulations (Register 97, No. 34).
2. Change without regulatory
						  effect repealing section filed 8-21-2019 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 2019, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 772,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 1 - General Provisions › Section 10.19072 - General Authorization. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						  Change without regulatory effect amending section filed 8-19-97 pursuant to
						  section 100, title 1, California Code of
						  Regulations (Register 97, No. 34).
2. Change without regulatory
						  effect repealing section filed 8-21-2019 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 2019, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Sections
							 772,
							 1705,
							 1934, and
							 1938,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 1 - General Provisions › Section 10.19073 - General Authorization Not Applicable to Specified Transactions. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						  Change without regulatory effect repealing section filed 8-21-2019 pursuant to
						  section 100, title 1, California Code of
						  Regulations (Register 2019, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 772,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 1 - General Provisions › Section 10.19080 - Scope. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						  Change without regulatory effect repealing subpart 3 (sections
						  10.19080-10.19085) and section
						  filed 8-21-2019 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 2019, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 772,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 1 - General Provisions › Section 10.19081 - Specific Authorization. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						  Change without regulatory effect amending section filed 8-19-97 pursuant to
						  section 100, title 1, California Code of
						  Regulations (Register 97, No. 34).
2. Change without regulatory
						  effect repealing section filed 8-21-2019 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 2019, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 772,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 1 - General Provisions › Section 10.19082 - Application. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						  Change without regulatory effect repealing section filed 8-21-2019 pursuant to
						  section 100, title 1, California Code of
						  Regulations (Register 2019, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 772,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 1 - General Provisions › Section 10.19083 - Automatic Approval. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						  Change without regulatory effect amending section filed 8-19-97 pursuant to
						  section 100, title 1, California Code of
						  Regulations (Register 97, No. 34).
2. Change without regulatory
						  effect repealing section filed 8-21-2019 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 2019, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 772,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 1 - General Provisions › Section 10.19084 - Administrative Standard. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						  Change without regulatory effect amending section filed 8-19-97 pursuant to
						  section 100, title 1, California Code of
						  Regulations (Register 97, No. 34).
2. Change without regulatory
						  effect repealing section filed 8-21-2019 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 2019, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 772,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 1 - General Provisions › Section 10.19085 - Expiration. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						  Change without regulatory effect amending section filed 8-19-97 pursuant to
						  section 100, title 1, California Code of
						  Regulations (Register 97, No. 34).
2. Change without regulatory
						  effect repealing section filed 8-21-2019 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 2019, No. 34).
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 1 - General Provisions › Section 10.19090 - Scope. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						  Change without regulatory effect repealing part 3 heading, subpart 1 (sections
						  10.19090-10.19092) and section
						  filed 8-21-2019 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 2019, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 772,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 1 - General Provisions › Section 10.19091 - Exemptions. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						  Change without regulatory effect amending section filed 8-19-97 pursuant to
						  section 100, title 1, California Code of
						  Regulations (Register 97, No. 34).
2. Change without regulatory
						  effect repealing section filed 8-21-2019 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 2019, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 772,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 1 - General Provisions › Section 10.19092 - Valuation. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						  Change without regulatory effect repealing section filed 8-21-2019 pursuant to
						  section 100, title 1, California Code of
						  Regulations (Register 2019, No. 34).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Sections
							 772,
							 1706 and
							 1936,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 2 - Regulated Corporations › Section 10.19100 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Part contains regulations relating to requirements
						  and restrictions applicable to a regulated corporation and its controlling
						  subject institution.
1.
						  Change without regulatory effect redesignating former subpart 2 (sections
						  10.19100-10.19107) as new part 2
						  and 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
							 1472,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 2 - Regulated Corporations › Section 10.19101 - Responsibility of Controlling Subject Institution

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A subject institution shall use its best efforts to
						  ensure that each of its regulated corporations complies with all applicable
						  provisions of this Subpart (including all provisions of law made applicable to
						  the regulated corporations by this Subpart).
Note: Authority cited: Section
							 215,
							 Financial Code. Reference: Section
							 772,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 2 - Regulated Corporations › Section 10.19102 - Agreement

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Except as otherwise provided in Sections
						  10.19133,
						  10.19141, and
						  10.19142 of this Chapter, before a
						  subject institution invests in a regulated corporation under Financial Code
						  Section
						  1472, the
						  regulated corporation shall file with the Commissioner an Agreement in the form
						  of Department Form 704, completed and signed in accordance with the
						  instructions for the Form.
1.
						  Change without regulatory effect amending section filed 8-19-97 pursuant to
						  section 100, title 1, California Code of
						  Regulations (Register 97, No. 34).
2. 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
							 1472,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 2 - Regulated Corporations › Section 10.19103 - Appointment of Commissioner as Agent for Service of Process

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Except as otherwise provided in Sections
						  10.19133,
						  10.19141, and
						  10.19142 of this Chapter, before a
						  subject institution invests in a regulated corporation under Financial Code
						  Section
						  1472, the
						  regulated corporation shall file with the Commissioner an Appointment of
						  Commissioner of Financial Institutions as Agent for Service of Process in the
						  form of Department Form 706, completed and signed in accordance with the
						  instructions for the Form.
1.
						  Change without regulatory effect amending section heading and section filed
						  8-19-97 pursuant to section
						  100, title 1, California Code of
						  Regulations (Register 97, No. 34).
2. 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
							 1472,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 2 - Regulated Corporations › Section 10.19104 - Examination

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A regulated corporation shall be subject to examination
						  by the Commissioner in the same manner as its controlling subject institution
						  under Financial Code Sections
						  450,
						  501, and
						  504 and the
						  controlling subject institution shall pay for any such examination in
						  accordance with Financial Code Sections
						  501 and
						  504.
1.
						  Change without regulatory effect amending section filed 8-19-97 pursuant to
						  section 100, title 1, California Code of
						  Regulations (Register 97, No. 34).
2. 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
							 1472,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 2 - Regulated Corporations › Section 10.19105 - Reports

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A regulated corporation shall file reports with the
						  Commissioner as and when the Commissioner may require. The reports shall
						  contain such information, shall be signed in such manner, and shall (if the
						  Commissioner so requires) be verified in such manner, as the Commissioner may
						  require.
1.
						  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: Section
							 772,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 2 - Regulated Corporations › Section 10.19106 - Audit

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A regulated corporation shall, at its own expense and
						  as and when the Commissioner may require, have its affairs audited by an
						  independent certified public accountant who is satisfactory to the
						  Commissioner; and the regulated corporation shall file with the Commissioner
						  such report of the accountant as the Commissioner may
						  require.
1.
						  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: Section
							 772,
							 Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 2 - Regulated Corporations › Section 10.19107 - Applicable Provisions of Banking Law

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Except as otherwise provided in
						subdivision (c) of this section, a regulated corporation shall be subject to,
						and both a regulated corporation and its controlling subject institution shall
						comply with, (i) the following provisions of the Banking Law which are
						applicable to the controlling subject institution, (ii) any provisions of the
						Banking Law which authorize exceptions to, impose sanctions for violations of,
						or are otherwise related to, the provisions referred to in clause (i), and
						(iii) any regulations issued under the provisions referred to in clause (i) or
						(ii), as if the regulated corporation were an operating division of the
						controlling subject institution and not a separate entity:
(1) Financial Code Sections
						1481,
						1484 and
						1490.
(2) Financial Code Section
						1510.
(3) Financial Code Section
						461.
(4) Articles 1 (commencing with Section
						1320) and 2 (commencing with
						Section 1360) of Chapter
						10.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 4 - Transition Provisions [Repealed] › Subpart 1 - General Provisions [Repealed] › Section 10.19120 - Scope. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
							 Change without regulatory effect repealing part 4 (subparts 1-3, sections
							 10.19120-10.19143), subpart 1
							 (section 10.19120) and section filed
							 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								772,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 4 - Transition Provisions [Repealed] › Subpart 2 - Pre-1983 Investments [Repealed] › Section 10.19130 - Scope. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
							 Change without regulatory effect repealing subpart 2 (sections
							 10.19130-10.19135) and section
							 filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								772,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 4 - Transition Provisions [Repealed] › Subpart 2 - Pre-1983 Investments [Repealed] › Section 10.19131 - General Authorization to Retain. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
							 Change without regulatory effect repealing section filed 8-21-2019 pursuant to
							 section 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								772,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 4 - Transition Provisions [Repealed] › Subpart 2 - Pre-1983 Investments [Repealed] › Section 10.19132 - Options. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
							 Change without regulatory effect amending section filed 8-19-97 pursuant to
							 section 100, title 1, California Code of
							 Regulations (Register 97, No. 34).
2. Change without regulatory
							 effect repealing section filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								772,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 4 - Transition Provisions [Repealed] › Subpart 2 - Pre-1983 Investments [Repealed] › Section 10.19133 - Election of Update Option. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
							 Change without regulatory effect amending section filed 8-19-97 pursuant to
							 section 100, title 1, California Code of
							 Regulations (Register 97, No. 34).
2. Change without regulatory
							 effect repealing section filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								772,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 4 - Transition Provisions [Repealed] › Subpart 2 - Pre-1983 Investments [Repealed] › Section 10.19134 - Election of Grandfather Option. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
							 Change without regulatory effect amending section filed 8-19-97 pursuant to
							 section 100, title 1, California Code of
							 Regulations (Register 97, No. 34).
2. Change without regulatory
							 effect repealing section filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								772,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 4 - Transition Provisions [Repealed] › Subpart 2 - Pre-1983 Investments [Repealed] › Section 10.19135 - Status Pending Election. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
							 Change without regulatory effect repealing section filed 8-21-2019 pursuant to
							 section 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								772,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 4 - Transition Provisions [Repealed] › Subpart 3 - Interim Investments [Repealed] › Section 10.19140 - Scope. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
							 Change without regulatory effect repealing subpart 3 (sections
							 10.19140-10.19143) and section
							 filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								772,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 4 - Transition Provisions [Repealed] › Subpart 3 - Interim Investments [Repealed] › Section 10.19141 - General Authorization to Retain

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
							 Change without regulatory effect amending section filed 8-19-97 pursuant to
							 section 100, title 1, California Code of
							 Regulations (Register 97, No. 34).
2. Change without regulatory
							 effect repealing section filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								772,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 4 - Transition Provisions [Repealed] › Subpart 3 - Interim Investments [Repealed] › Section 10.19142 - Specific Authorization to Retain. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
							 Change without regulatory effect amending section filed 8-19-97 pursuant to
							 section 100, title 1, California Code of
							 Regulations (Register 97, No. 34).
2. Change without regulatory
							 effect repealing section filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								772,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 7 - Acquiring and Holding Equity Securities of Corporations › Subarticle 2 - Investing in Corporations › Part 4 - Transition Provisions [Repealed] › Subpart 3 - Interim Investments [Repealed] › Section 10.19143 - Divestiture. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
							 Change without regulatory effect amending section filed 8-19-97 pursuant to
							 section 100, title 1, California Code of
							 Regulations (Register 97, No. 34).
2. Change without regulatory
							 effect repealing section filed 8-21-2019 pursuant to section
							 100, title 1, California Code of
							 Regulations (Register 2019, No. 34).
Note: Authority cited: Section
								215,
								Financial Code. Reference: Section
								772,
								Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 8 - Loans to Insiders [Repealed] › Section 10.19300 - Scope. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 article 31 (sections
					 10.19300-10.19302) and section
					 filed 11-10-97; operative 11-10-97. Submitted to OAL for printing only pursuant
					 to Financial Code section
					 3373(a)
					 (Register 97, No. 46).
Note: Authority cited: Section
						215,
						Financial Code. Reference: Section
						3373,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 8 - Loans to Insiders [Repealed] › Section 10.19301 - Division. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 section filed 11-10-97; operative 11-10-97. Submitted to OAL for printing only
					 pursuant to Financial Code section
					 3373(a)
					 (Register 97, No. 46).
2. Expired 12-31-98 at 12:00 p.m. pursuant to
					 former Financial Code section
					 3373(a)
					 (Register 2019, No. 34).
Note: Authority cited: Section
						215,
						Financial Code. Reference: Section
						3373,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 8 - Loans to Insiders [Repealed] › Section 10.19302 - Adoption of Changes to Regulation O. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 section filed 11-10-97; operative 11-10-97. Submitted to OAL for printing only
					 pursuant to Financial Code section
					 3373(a)
					 (Register 97, No. 46).
2. Expired 12-31-98 at 12:00 p.m. pursuant to
					 former Financial Code section
					 3373(a)
					 (Register 2019, No. 34).
Note: Authority cited: Section
						215,
						Financial Code. Reference: Section
						3373,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 9 - Audit Reports › Section 10.19400 - Scope

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Article contains regulations relating to the filing by
					 a California state bank of an audit report with the Commissioner pursuant to
					 Section
					 1902 of the
					 Financial Code.
1. New
					 article 9 (sections
					 10.19400-10.19402) and section
					 filed 3-18-98 as an emergency; operative 3-18-98 (Register 98, No. 12). A
					 Certificate of Compliance must be transmitted to OAL by 7-16-98 or emergency
					 language will be repealed by operation of law on the following
					 day.
2. Certificate of Compliance as to 3-18-98 order transmitted to
					 OAL 7-16-98 and filed 8-20-98 (Register 98, No.
					 34).
Note: Authority cited: Section
						215,
						Financial Code. Reference: Section
						1902,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 9 - Audit Reports › Section 10.19401 - Exemptions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The Commissioner finds that the requirements of Section
					 502 of the
					 Financial Code are not necessary in the cases described in the subdivisions of
					 this Section. Accordingly, the Commissioner grants exemptions from Section
					 502 of the
					 Financial Code, as follows:
(a) A
				  California state bank is exempted from the requirement of filing an audit
				  report for a fiscal year with the Commissioner pursuant to Section
				  502 of the
				  Financial Code if the bank complies with the following provisions:
(1) Within 90 days after the end of the
				  fiscal year or within such extended period as the Commissioner may prescribe,
				  the bank shall obtain an audit report complying with the provisions of
				  Subdivision (c) of Section
				  502 of the
				  Financial Code and of Section
				  10.19402 of this Chapter;
				  and
(2) The bank shall keep the
				  audit report in its files for a period of not less than two years after the end
				  of the fiscal year or such longer period as the Commissioner may
				  prescribe.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 9 - Audit Reports › Section 10.19402 - Contents

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The audit
				  report of a California state bank called for in Section
				  502 of the
				  Financial Code or in Subdivision (a) of Section
				  10.19401 of this Chapter shall
				  contain the following audited financial statements of the bank for or as of the
				  end of the relevant fiscal year:
(1) Balance
				  sheet.
(2) Statement of income or
				  loss.
(3) Statement of changes in
				  shareholders' equity.
(4) Statement
				  of cash flows.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 10 - Parity Regulations [Repealed] › Section 10.19600 - Scope. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 article 10 (sections
					 10.19600-10.19604) and section
					 filed 12-4-98; operative 12-4-98 pursuant to Financial Code section
					 753.
					 Submitted to OAL for printing only pursuant to Financial Code section
					 753
					 (Register 98, No. 49).
2. Article 10 (sections
					 10.19600-10.19605) and section
					 expired 12-31-99 at 12:00 p.m. pursuant to former Financial Code section
					 753(c)(4)
					 (Register 2019, No. 34).
Note: Authority cited: Section
						215,
						Financial Code. Reference: Section
						753,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 10 - Parity Regulations [Repealed] › Section 10.19601 - Definition. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 section filed 12-4-98; operative 12-4-98 pursuant to Financial Code section
					 753.
					 Submitted to OAL for printing only pursuant to Financial Code section
					 753
					 (Register 98, No. 49).
2. Expired 12-31-99 at 12:00 p.m. pursuant to
					 former Financial Code section
					 753(c)(4)
					 (Register 2019, No. 34).
Note: Authority cited: Section
						215,
						Financial Code. Reference: Section
						753,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 10 - Parity Regulations [Repealed] › Section 10.19602 - Automated Teller Machines and Remote Service Units. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 section filed 12-4-98; operative 12-4-98 pursuant to Financial Code section
					 753.
					 Submitted to OAL for printing only pursuant to Financial Code section
					 753
					 (Register 98, No. 49).
2. Expired 12-31-99 at 12:00 p.m. pursuant to
					 former Financial Code section
					 753(c)(4)
					 (Register 2019, No. 34).
Note: Authority cited: Section
						215,
						Financial Code. Reference: Section
						753,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 10 - Parity Regulations [Repealed] › Section 10.19603 - Banker's Banks. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 section filed 12-4-98; operative 12-4-98 pursuant to Financial Code section
					 753.
					 Submitted to OAL for printing only pursuant to Financial Code section
					 753
					 (Register 98, No. 49).
2. Expired 12-31-99 at 12:00 p.m. pursuant to
					 former Financial Code section
					 753(c)(4)
					 (Register 2019, No. 34).
Note: Authority cited: Section
						215,
						Financial Code. Reference: Section
						753,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 10 - Parity Regulations [Repealed] › Section 10.19604 - Fiduciary Business. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 section filed 12-4-98; operative 12-4-98 pursuant to Financial Code section
					 753.
					 Submitted to OAL for printing only pursuant to Financial Code section
					 753
					 (Register 98, No. 49).
2. Expired 12-31-99 at 12:00 p.m. pursuant to
					 former Financial Code section
					 753(c)(4)
					 (Register 2019, No. 34).
Note: Authority cited: Section
						215,
						Financial Code. Reference: Section
						753,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 10 - Parity Regulations [Repealed] › Section 10.19605 - Loans Secured by Segregated Deposit Accounts. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 section filed 4-2-2001 as an emergency; operative 4-2-2001. Submitted to OAL
					 for printing only pursuant to Financial Code section
					 753(c)
					 (Register 2001, No. 14).
2. Expired 12-31-2002 at 12:00 p.m.
					 pursuant to former Financial Code section
					 753(c)(4)
					 (Register 2019, No. 34).
Note: Authority cited: Section
						215,
						Financial Code. Reference: Section
						753,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 11 - Securities › Subarticle 2 - Acquisition of Bank's Own Securities › Section 10.19900 - Application for Acquisition of Own Securities by Bank or Trust Company

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) California law
					 permits a California state-chartered bank or trust company to acquire its own
					 shares if the acquisition is approved in advance by the Commissioner.
(b) An application for acquisition by a bank
					 or trust company of its own shares shall include the following information:
(1) The class and series, as appropriate, of
					 the shares to be acquired.
(2) The
					 number of such shares outstanding and the number of shares to be
					 acquired.
(3) The date or period
					 when the bank or trust company will make the acquisition.
(4) The identity of the seller of the
					 stock.
(5) The price which the bank
					 or trust company will pay for the shares, an explanation of the basis for
					 setting the price, and a description of any other material terms of the
					 acquisition.
(6) In case the bank
					 is an insured nonmember bank, a confirmation that the bank will obtain the
					 consent of the Federal Deposit Insurance Corporation pursuant to Federal
					 Deposit Insurance Act Section
					 18(i),
					 (12 U.S.C.
					 1828(i)), if applicable. In
					 case the bank is a member bank, a confirmation that the bank will obtain the
					 consent of the Board of Governors of the Federal Reserve System pursuant to
					 Federal Reserve Act Section
					 9, Paragraph 11, (12 U.S.C.
					 329), if applicable.
(7) A copy of all written materials used to
					 effect the acquisition, including the repurchase plan, if any, resolutions of
					 the board of directors, materials to be distributed to shareholders, and any
					 advertisements relating to the acquisition.
(8) An opinion of an attorney at law that the
					 acquisition will comply with applicable securities laws and applicable
					 provisions of the Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 11 - Securities › Subarticle 2 - Acquisition of Bank's Own Securities › Section 10.19901 - Approval of Application for Acquisition of Own Securities by Bank or Trust Company

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
As an administrative standard, the Commissioner shall
						consider all of the following factors in processing an application for
						acquisition by a bank or trust company of its own shares:
(a) The acquisition by the bank or trust
					 company of its own shares would not materially impair the financial condition
					 of the applicant, particularly its capital adequacy, and the safety and
					 soundness of the institution.
(b)
					 The proposed acquisition complies with the provisions of Financial Code
					 Sections
					 1132,
					 1133, and
					 1134.
(c) The applicant has confirmed that all
					 material information has been disclosed in the application.
(d) An opinion of an attorney at law that the
					 acquisition will comply with applicable securities laws and applicable
					 provisions of the Financial Code.
1. New
						section filed 4-29-2008; operative 5-29-2008 (Register 2008, No.
						18).
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: Sections
						  1132,
						  1133,
						  1134 and
						  1331,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions › Subchapter 10 - Banks › Article 30 - Commercial Banking Business › Subarticle 1 - General Provisions [Repealed] › Section 10.190000 - Definition of "Subject Institution"

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 30 - Commercial Banking Business › Subarticle 1 - General Provisions [Repealed] › Section 10.190001 - Authorized Activities of Subject Institution

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Banking Law, 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 30 - Commercial Banking Business › Subarticle 2 - Reserves [Repealed] › Section 10.190100 - Definition of "Subject Institution" and Scope

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 30 - Commercial Banking Business › Subarticle 2 - Reserves [Repealed] › Section 10.190101 - Other Definitions

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 30 - Commercial Banking Business › Subarticle 2 - Reserves [Repealed] › Section 10.190102 - Reserves Against Demand Deposits

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 30 - Commercial Banking Business › Subarticle 2 - Reserves [Repealed] › Section 10.190103 - Computation of Reserves

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 30 - Commercial Banking Business › Subarticle 2 - Reserves [Repealed] › Section 10.190104 - Report of Reserve Condition: Filing

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 30 - Commercial Banking Business › Subarticle 2 - Reserves [Repealed] › Section 10.190105 - Report of Reserve Condition: Illustration of Form

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 30 - Commercial Banking Business › Subarticle 3 - Loans [Repealed] › Section 10.190200 - Definition of "Subject Institution"

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Sections 1227, 1228, 1253, 1254 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 30 - Commercial Banking Business › Subarticle 3 - Loans [Repealed] › Section 10.190201 - Wrap-Around Lien

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 30 - Commercial Banking Business › Subarticle 3 - Loans [Repealed] › Section 10.190202

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The following items are ineligible as security under
						Financial Code Section
						1223:
(1) Assigned accounts receivable.
(2) Assigned contracts covering services
					 which are to be, or have been performed; or covering property which is to be,
					 or has been, manufactured.
(3)
					 Trust receipts covering all flooring, including automobiles, boats, appliances,
					 machinery, and equipment of any and all types.
(4) Goods used in trade or inventories
					 including goods covered by an inventory lien.
(5) Tools and small implements.
(6) Household furniture and
					 appliances.
(7) Furniture and
					 fixtures in stores, offices, etc.
(8) Growing crops.
(9) Perishable commodities, unless warehoused
					 and covered by a warehouse receipt.
1. New
						section filed 6-2-2008; operative 7-2-2008 (Register 2008, No.
						23).
Note: Authority cited: Section
						  215,
						  Financial Code. Reference: Section
						  1223,
						  Financial Code.