California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 10 - Banks
Article 6 - California State Offices of Foreign (Other Nation) Banks
Subarticle 2 - Representative Offices
Part 2 - Establishment of Representative Office
Subpart 4 - Post-Approval Matters
Section 10.13277 - Manager
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) In case an application for approval to establish a California state representative office, as approved by the Commissioner, does not designate the proposed manager of the representative office, the approval of such application shall be deemed to be subject to a condition that the applicant shall not establish the representative office unless the proposed manager shall have first been approved by the Commissioner.
(b) In a case of the type described in Subdivision (a) of this Section, not less than 30 days before the license for the representative office is to be issued, the applicant shall file with the Commissioner an application for approval of the proposed manager of the representative office. Such application shall contain such information regarding the proposed manager as is called for in an application to the Board of Governors of the Federal Reserve System requesting approval of the Board of Governors to establish a representative office.
1.
Change without regulatory effect amending section filed 8-19-97 pursuant to
section 100, title 1, California Code of
Regulations (Register 97, No. 34).
2. Amendment of subsection (b)
filed 4-14-98; operative 5-14-98 (Register 98, No.
16).
Note: Authority cited: Section 215, Financial Code. Reference: Sections 1703 and 1726, Financial Code.
