§ 103.109. Foreign Associations -Establishment of Principal Office.

(a) The procedure to be followed by a foreign association licensed to transact a savings and loan business in the State of California as of September 15, 1935, which has ceased to do business within the State of California subsequent to September 1, 1935, shall be as follows:

(1) Such foreign association shall comply with all of the provisions of Sections 5800 through 5814 of the law prior to opening or reopening its office in California.

(2) Such foreign association shall file an application for its office in California as if it were a domestic association filing an application for a branch office pursuant to the provisions of Chapter 5, Part I, of the law, commencing at Section 6000 and Subchapter 3, Article 1, Chapter 2, Title 10, of the California Administrative Code.

HISTORY

1. Change without regulatory effect renumbering former Section 145.9 to Section 103.109 (Register 87, No. 14). For prior history, see Register 82, No. 16.

Note

Note: Authority cited: Section 5255, Financial Code. Reference: Sections 5800-5814 and 6000-6010, Financial Code.