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§ 103.304. Applications.

10 CA ADC § 103.304Barclays 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 3. Acquisition of Control of Savings and Loan Association or Savings and Loan Holding Company Registration as a Savings and Loan Holding Company
10 CCR § 103.304
§ 103.304. Applications.
(a) An application shall be typed and filed in triplicate in either office of the Department of Savings and Loan. It shall be signed under penalty of perjury by each acquiring party. A filing fee of $7,500 shall be included with the application. An incorporated acquiring party shall include a certified copy of the resolution of the board of directors authorizing the execution and filing of the application.
(b) An application shall include all of the information set out in section 5801 of the law and is to be identified in the same numerical order unless otherwise authorized by the commissioner. It shall in addition include a copy of the proposed acquisition agreement and financial statements supporting the financial standing of the applicant. The statements should have been examined by and supported by an opinion from an independent public accountant. The commissioner may authorize submission of financial statements without an accountant's examination and opinion which are prepared by the applicant under penalty of perjury. It may also include a statement setting forth any other relevant information.
(c) An unincorporated company which is required to file the information under paragraph (1) of section 11706(a) shall give such information for each partner of a partnership or limited partnership; for each member of a syndicate or group; and for each person who controls a partner or member.
(d) A corporation which is required to file the information under paragraph (1) of section 5801(a) shall give such information for itself, for each of its officers and directors and for each person who is directly or indirectly the beneficial owner of twenty-five percent (25%) or more of its outstanding voting securities.

Credits

Note: Authority cited: Sections 8053 and 9001, Financial Code. Reference: Sections 5800 and 5801, Financial Code.
History
1. Change without regulatory effect renumbering former Section 185 to Section 103.304 (Register 87, No. 14). For prior history, see Register 82, No. 33.
2. Amendment filed 7-13-90; operative 8-12-90 (Register 90, No. 34).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 103.304, 10 CA ADC § 103.304
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