California Financial Code 1705 – Not less than 30 days before an insured foreign (other state) bank …
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Not less than 30 days before an insured foreign (other state) bank closes a facility, it shall file a report with the commissioner.
(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
Terms Used In California Financial Code 1705
- Facility: when used with respect to a foreign (other state) bank, means an office in this state at which the bank engages in noncore banking business but at which it does not engage in core banking business. See California Financial Code 1670