California Code of Regulations › Title 10 - Investment › Chapter 2 - Savings and Loan Commissioner › Subchapter 3 - Applications and Hearings › Article 2 - Applications and Hearings for Mergers, Consolidations, or Transfers of Property and Assets of Existing Associations › Section 103.214 - Hearings

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Hearings will
				  ordinarily be held upon all applications for approval of a merger unless, for
				  good cause, the Commissioner shall dispense with the same.
(b) Any hearings held under this section will
				  be in accordance with the procedures set forth in the applicable sections under
				  Subchapter 3 Article 1 of the regulations. Sections under Subchapter 3 Article
				  1 of the regulations that are not applicable under this section include
				  subdivisions (c), (d) and (k) of Section
				  103.118.
(c) Notice of Hearing.
(1) Unless the Commissioner shall approve or
				  deny an application without hearing, a notice of hearing shall be mailed by the
				  Commissioner to each constituent association existing in this state stating
				  that an application has been filed, that a public hearing will be held, and the
				  time and place thereof.
(2)
(A) Within 15 days of the date of the mailing
				  of the notice of hearing, each constituent association shall publish a notice
				  of hearing on the application in substantially the form set our in subdivision
				  (B) below, in a place prominent to the general readership in a newspaper, not
				  exclusively a legal journal, of general circulation (as defined in Government
				  Code Sections
				  6000 and
				  6008)
				  published in the city or community in which its principal office is located,
				  publication shall be made in a newspaper of general circulation in the
				  community nearest the principal office.
(B) "NOTICE OF HEARING ON SAVINGS AND LOAN
				  MERGER APPLICATION
Notice is hereby given that a public hearing has been
					 scheduled by the DEPARTMENT OF SAVINGS AND LOAN relating to an application by
					 ____________________ SAVINGS AND LOAN
A
SSOCIATION,
					 ____________________ (Address Principal Office) for approval of
					 ____________________________________________________________(Briefly describe
					 transaction including any name change.) The hearing will be held at the
					 Department's office at _____(Time).M., on the __________(Day) of
					 ____________________(Month), 19___(Year), at __________(Room #)
					 ____________________(Address) ____________________(City),
					 ____________________(Telephone Number)
The application is open for public inspection is accordance
					 with the Commissioner's regulations at either office of the Department of
					 Savings and Loan of the State of California, located at 600 South Commonwealth
					 Avenue, Los Angeles 90005, and 350 Sansome Street, San Francisco, 94104.
Written objections or other documents relevant to the
					 application should be filed with the Department, and a copy delivered or mailed
					 to the applicants, ____________________SAVINGS AND LOAN ASSOCIATION and
					 ____________________SAVINGS AND LOAN ASSOCIATION, not later than
					 ______________________________, 19___. (30 days after date of mailing of notice
					 of hearing.)
Any person may appear at the hearing and make an oral
					 statement during an amount of time limited by the hearing officer, which is the
					 case of any person who has not filed prior written objections or other
					 documents is to be limited to not more than 15 minutes in duration, or such
					 shorter time as may be allowed by the hearing
					 officer."
(3)
				  Promptly after publication of the newspaper notice, the applicant shall file
				  two copies thereof with the Commissioner, accompanied by two copies of the
				  publisher's affidavit of publication.
(4) If proof of publication of the notice of
				  hearing within the time period stated 103.214(c)(2) above is not filed on or
				  before the hearing date, the hearing shall be continued to such future date as
				  will allow for publication.