California Code of Regulations (Last Updated: August 6, 2014) |
Title 10. Investment |
Chapter 2. Savings and Loan Commissioner |
Subchapter 4. Operations -General |
Article 6. Foreign Savings Associations |
§ 104.604. Establishment or Acquisition of Additional Offices; Change in Location or Designation.
Latest version.
- A foreign savings association which has been issued a certificate of authority shall not, without the prior written consent of the Commissioner:(a) Establish or acquire any office in California;(b) Change the location or designation of any office in California;(c) Acquire the assets or savings account liabilities of another financial institution in California.HISTORY1. New section filed 7-1-87; operative 7-1-87 pursuant to Government Code Section 11346.2(d) (Register 87, No. 28).
Note
Note: Authority cited: Sections 8053 and 10012, Financial Code. Reference: Sections 5654 and 10012, Financial Code.