Section 10.3853 - Officers of Trust Department(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.(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.Cal. Code Regs. Tit. 10, § 10.3853
1. Repealer of subsection (b)(7)(B), 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).
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: Section 1500.1, Financial Code.
1. Repealer of subsection (b)(7)(B), 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).
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).