California Financial Code

§ 1078

FIN § 1078 Effective Jan 1, 2012Div. 1.1 · Ch. 4

Statute text

(a)A bank may close or discontinue the operation of any branch office if, before the closing or discontinuance, (1) the bank files with the commissioner a notice containing the information in subdivision (b), and (2) the commissioner within 60 days after the filing of the notice or any longer period to which the bank consents, filing of the notice or any longer period to which the bank consents, either (A) issues a written statement not objecting to the notice, or (B) does not issue a written objection to the notice.

(b)(1) A notice filed under subdivision (a) shall contain all of the following information:

(A)The name of the California state bank.

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Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.