Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 10.3759 - Information Regarding PRO Forma Financial Statements(a) Provide a pro forma fiduciary statement of the trust department as of the end of the first year of business, and as of the end of the second year of business.(b) Provide a pro forma statement of income of the trust department for the first year of business, and for the second year of business.(c) State whether or not the pro forma statements called for in Subdivision (b) of this Section include adjustments for (1) charges for a pro rata portion of administrative overhead or taxes or (2) credits for deposits of fiduciary account funds with the commercial banking department of the applicant, and, if so, describe such adjustments.Cal. Code Regs. Tit. 10, § 10.3759
1. Amendment of subsection (a), repealer of subsections (a)(1)-(a)(8), amendment of subsection (b), repealer of subsections (b)(1)-(c), subsection relettering and new NOTE filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15). Note: Authority cited: Section 215, Financial Code. Reference: Section 1500.1, Financial Code.
1. Amendment of subsection (a), repealer of subsections (a)(1)-(a)(8), amendment of subsection (b), repealer of subsections (b)(1)-(c), subsection relettering and new Note filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).