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 3 - Establishment of Trust Department by California State Commercial Bank
Part 1 - General Provisions
Section 10.3702 - Commencement of Trust Business

Cal. Code Regs. tit. 10 § 10.3702

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 10.3702 - Commencement of Trust Business

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.

Cal. Code Regs. Tit. 10, § 10.3702

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.

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).