BILL NUMBER: AB 382	INTRODUCED
	BILL TEXT


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.   No   A  certificate of
determination of a bank shall  not  become effective unless
 such   the  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,  such   the  bank shall
file with the commissioner a copy of the certificate of determination
certified by the Secretary of State.