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 3 - Agencies and Branch Offices
Part 2 - Establishment of Agency or Branch Office
Subpart 4 - Post-Approval Matters
Section 10.14187 - Issuance and Expiration of License

Universal Citation: 10 CA Code of Regs 10.14187

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) Not less than two business days before the license for a subject office is to be issued, the applicant shall file with the Commissioner an application for the issuance of such license. Such application shall contain the following information:

(1) Identify the subject office.

(2) State the date on which the applicant proposes to establish the subject office.

(b) An applicant may establish a subject office on or after the date on which the license for such subject office is issued. However, such license shall expire on the earlier of the following dates unless the applicant shall have established the subject office on or before such date:

(1) Date on which the Commissioner's approval of the application for approval to establish the branch office expires pursuant to Section 10.14186 of this Chapter.

(2) Thirtieth day after the date of the issuance of the license.

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).

Note: Authority cited: Section 215, Financial Code. Reference: Section 1753, Financial Code.

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