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§ 80.4124. Information Regarding Authorization.

10 CA ADC § 80.4124Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 1. Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 80. Money Transmission
Article 5. Issuance of License
Subarticle 2. Application
10 CCR § 80.4124
§ 80.4124. Information Regarding Authorization.
Currentness
(a) Provide a copy of a resolution of the board of the applicant, or in the case of a limited liability company, a document of similar import:
(1) Authorizing the applicant to apply for a license.
(2) Authorizing the Commissioner to examine the applicant in connection with the application.
(3) Authorizing and directing all directors, officers, and employees of the applicant and any person having custody of any of the records of the applicant, to furnish to the Commissioner such information, and to permit the Commissioner to inspect and copy such records, as the Commissioner may request in connection with the application.
(4) Authorizing any bank or other financial institution with which the applicant has transacted business to furnish to the Commissioner such information, and to permit the Commissioner to inspect and copy such records, as the Commissioner may request in connection with the application.
(5) Authorizing any governmental agency which licenses or regulates money transmitters, issuers of payment instruments, issuers of travelers checks, or other financial institutions and which has information or records regarding the applicant, to furnish to the Commissioner such information, and to permit the Commissioner to inspect and copy such records, as the Commissioner may request in connection with the application.
(b) The copy of the resolution of the board called for in Subdivision (a) of this Section shall be certified by the secretary or by an assistant secretary of the applicant.

Credits

Note: Authority cited: Sections 321, 334 and 2032, Financial Code. Reference: Sections 2031 and 2032, Financial Code.
History
1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
2. Amendment of section heading, subsections (a) and (a)(5) and Note filed 8-11-2015; operative 10-1-2015 (Register 2015, No. 33).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 80.4124, 10 CA ADC § 80.4124
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