California Financial Code

§ 6157

FIN § 6157Div. 2 · Ch. 3 · Art. 4

Statute text

Every savings association subject to the new director or senior executive officer notice requirements of Section 32 of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1831i) based upon recent chartering or change of control or failure to maintain the minimum required capital or otherwise troubled condition shall provide the commissioner, at the same time the notice is submitted to the appropriate federal agency, with a copy of the notification submitted in compliance with that requirement.

Legislative history

Added by Stats. 1990, Ch. 1118, Sec. 29.