Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 10 - BanksArticle 4 - Establishment of California State BanksSubarticle 2 - Establishment of California State Commercial Bank, Industrial Bank, or Independent Trust Company
Part 1 - General Provisions
Section 10.3102 - Commencement of Business

Cal. Code Regs. tit. 10 § 10.3102

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 10.3102 - Commencement of Business

For purposes of this Subarticle, a subject institution shall be deemed to commence business at the time when, the Commissioner having issued a certificate of authority authorizing such subject institution to transact commercial banking business, trust business, or both, as the case may be, the subject institution opens for the purpose of transacting commercial banking business, trust business, or both, as the case may be.

Cal. Code Regs. Tit. 10, § 10.3102

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.

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).