Not less than 30 days before redesignating its head office and a branch office, a subject institution shall file with the Commissioner a report containing the following information:
(a) State the reasons for the redesignation.(b) State the estimated total costs to be incurred by the subject institution as a result of the redesignation.(c) State whether or not any person to whom any payment is proposed to be made by the subject institution in connection with the redesignation is, or is a consociate of, any (1) director or proposed director, (2) officer or proposed officer, (3) controlling person, or (4) 25 percent (including consociates) equity security owner of the applicant, and, if so, identify such person, describe the purpose of the payment, and state the amount to be paid.(d) State the proposed effective date of the redesignation.Cal. Code Regs. Tit. 10, § 10.6492
1. New section filed 4-14-98; operative 5-14-98 (Register 98, No. 16). Note: Authority cited: Section 215, Financial Code. Reference: Section 421, Financial Code.
1. New section filed 4-14-98; operative 5-14-98 (Register 98, No. 16).