Section 10.4457 - Executive Officers(a) Except with the prior approval of the Commissioner, no subject institution shall, at any time before commencing business, appoint as an executive officer any person other than a person who was such executive officer of the applicant at the time when the application for approval to convert into the subject institution was approved by the Commissioner or who was named in such application as such proposed executive officer of the subject institution.(b) An application for approval to appoint a person as an executive officer of a subject institution shall contain: (1) Name of the proposed executive officer.(3) Description of duties to be performed by the proposed executive officer.(4) Amount of salary and description of other compensation to be paid to the proposed executive 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 executive 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 executive officer.(7) Statement dated as of a date within 90 days before the filing of the application and signed by the proposed executive officer, stating:(A) Commercial banking, trust, other financial, and other business experience of the proposed executive 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 executive 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, § 10.4457
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).
2. Repealer of subsection (b)(7)(B), subsection relettering, and amendment of NOTE filed 4-14-98; operative 5-14-98 (Register 98, No. 16). Note: Authority cited: Section 4831, Financial Code. Reference: Sections 4832, 4835, 4941, 4944, 4945 and 4948, 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).
2. Repealer of subsection (b)(7)(B), subsection relettering, and amendment of Note filed 4-14-98; operative 5-14-98 (Register 98, No. 16).