California Legislature—2015–16 Regular Session

Assembly Bill No. 382

Introduced by Assembly Member Travis Allen

February 18, 2015

An act to amend Section 1104 of the Financial Code, relating to banking.

LEGISLATIVE COUNSEL’S DIGEST

AB 382, as introduced, Travis Allen. Certificate of determination.

The Banking Law requires a certificate of determination of a bank to be endorsed by the Commissioner of Business Oversight and filed with the Secretary of State to become effective, and requires a bank, promptly after the certificate of determination becomes effective, to file with the commissioner a copy of the certificate of determination certified by the Secretary of State.

This bill would make nonsubstantive changes to these provisions.

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 1104 of the Financial Code is amended
to read:

1104.  

begin delete No end delete begin insert A end insert certificate of determination of a bank shall begin insert not end insert
become effective unless begin delete such end delete begin insert the end insert certificate of determination is
filed with the Secretary of State with the commissioner’s approval
endorsed thereon. Promptly after the certificate of determination
becomes effective, begin delete such end delete begin insert the end insert bank shall file with the commissioner
a copy of the certificate of determination certified by the Secretary
of State.