BILL NUMBER: SB 1335	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Leno

                        FEBRUARY 21, 2014

   An act to amend Section 1020 of the Financial Code, relating to
banking.



	LEGISLATIVE COUNSEL'S DIGEST


   SB 1335, as introduced, Leno. Banking.
   Existing law provides for the regulation of state organized banks
by the Department of Business Oversight. Existing law establishes the
Commissioner of Business Oversight as the head of the department.
Existing law requires the request for authority to organize and
establish a corporation to engage in the banking or trust business to
be set forth in an application and to contain information as the
commissioner may require.
   This bill would make nonsubstantive changes to this law.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 1020 of the Financial Code is amended to read:
   1020.  The request for authority to organize and establish a
corporation to engage in the banking or trust business shall be set
forth in an application in  such  the  form
 ,  and containing  such   the 
information  ,  as the commissioner may require and shall be
accompanied by a fee of five thousand dollars ($5,000).