Section 10.3001 - Post-Incorporation and Post-Approval Matters(a) In this Section, to "commence business" has the meaning set forth in Sections 10.3102, 10.3702, or 10.4302 of this Chapter.(b) In the units of this Article relating to post-incorporation or post-approval matters: (1) In case a provision which calls for a subject institution or applicant to file a document with the Commissioner does not expressly provide when such subject institution or applicant is to make such filing, the subject institution or applicant shall make the filing at a reasonable time under the circumstances and, in any event, at reasonable time before the subject institution or applicant commences business.(2) In case a provision which calls for a subject institution or applicant to file a document with the Commissioner requires that such subject institution or applicant make such filing not less than a specified number of days or business days before the subject institution or applicant commences business, the subject institution or applicant is encouraged to make the filing before such deadline, if possible, so as to allow ample time not only for the staff of the Department to process the document filed but also for the subject institution or applicant to make any corrections or changes in such document that may be found to be necessary before the certificate of authority is issued.(c) Any provision in the units of this Article relating to post-incorporation or post-approval matters which, by its terms or pursuant to Paragraph (1) of Subdivision (b) of this Section, requires a subject institution or applicant to perform an act before commencing business shall be deemed also to require such subject institution or applicant to perform such act before its certificate of authority is issued; and, in case such provision requires that the subject institution or applicant performs the act not less than a specified time before commencing business, the subject institution or applicant shall perform the act not less than the specified time before its certificate of authority is issued.Cal. Code Regs. Tit. 10, § 10.3001
1. Amendment of subsections (a) and (c) and new NOTE filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).
2. 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: Sections 215 and 4831, Financial Code. Reference: Chapter 3, Division 1, Section 1500.1, and Article 2, Chapter 5, Division 1.5, Financial Code.
1. Amendment of subsections (a) and (c) and new Note filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).
2. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).