§ 103.110. Application for a Service Office or an Executive or Administrative Headquarters Offi...
10 CA ADC § 103.110Barclays Official California Code of Regulations
Barclays California Code of Regulations
Title 10. Investment
Chapter 2. Savings and Loan Commissioner (Refs & Annos)
Subchapter 3. Applications and Hearings
Article 1. Applications and Hearings: New Facilities, Branches, Changes of Location, Agencies, Conversions from a Federal to State Association, Changes of Name and Amendments of Articles of Incorporation
10 CCR § 103.110
§ 103.110. Application for a Service Office or an Executive or Administrative Headquarters Office.
(a) An application for permission to establish or change the location of a service office or an executive or administrative headquarters office of an association will not be approved unless the application contains evidence satisfactory to the commissioner that the proposed office will not be used to conduct or transact a savings business. The application shall include an affirmative statement that the association will not in any manner advertise, inform the public, its account holders or borrowers that savings deposits or withdrawals will be permitted.
(8) A list of the executive and administrative positions which will be officed at the premises for an executive or administrative headquarters office; and the method of operation of the office, including a statement of the number and job description of the personnel proposed to be employed in the premises; and
Credits
Note: Authority cited: Section 5255, Financial Code. Reference: Sections 5056.5, 5700-5702, 6005 and 6050-6055, Financial Code.
History
1. Change without regulatory effect renumbering former Section 146 to Section 103.110 (Register 87, No. 14). For prior history, see Register 82, No. 16.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 103.110, 10 CA ADC § 103.110
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