Cal. Fin. Code § 406

Current through the 2023 Legislative Session.
Section 406 - Annual assessment on national banking associations and foreign state banks

The commissioner shall annually collect from national banking associations and foreign (other state) banks operating trust departments in this state an annual assessment to meet expenses of the department, not exceeding one one-hundredth of 1 percent of the amount required by law to be deposited with the Treasurer as surety for the faithful performance and execution of all court and private trusts accepted by them.

Ca. Fin. Code § 406

Added by Stats 2011 ch 243 (SB 664),s 2, eff. 1/1/2012.