Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 10 - BanksArticle 4 - Establishment of California State BanksSubarticle 3 - Establishment of Trust Department by California State Commercial Bank
Part 4 - Post-Approval Matters
Section 10.3856 - Deposit with State Treasurer

Cal. Code Regs. tit. 10 § 10.3856

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 10.3856 - Deposit with State Treasurer

Not less than five business days before commencing trust business, an applicant shall file with the Commissioner an application for approval of money or securities to be deposited with the State Treasurer; and, before commencing trust business, such applicant shall, pursuant to such order as the Commissioner may issue, deposit with the State Treasurer money or securities as security for the faithful performance and execution of all court trusts accepted by the applicant and money or securities as security for the faithful performance of all private trusts accepted by the applicant.

Cal. Code Regs. Tit. 10, § 10.3856

1. Amendment of section 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: Section 215, Financial Code. Reference: Sections 1500, 1500.1 and Article 3 (commencing with Section 1540) of Chapter 12 of Division 1, Financial Code.

1. Amendment of section 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).