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§ 6105. Application for license

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and BankingEffective: January 3, 2017

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 7 P.S. Banks and Banking (Refs & Annos)
Miscellaneous Laws
Chapter 53. Transmitting Money or Credit (Refs & Annos)
Effective: January 3, 2017
7 P.S. § 6105
§ 6105. Application for license
(a) Applications for license shall be in the form prescribed by the department. Among other things, the application shall state the full name of:
(1) the applicant, if an individual;
(2) each partner, if the applicant is a partnership;
(3) each trustee and officer thereof, if the applicant is a trust;
(4) each officer and director thereof, if the applicant is a corporation, joint stock association or other unincorporated association;
(5) each other business in which applicant and any affiliated companies are engaged; and
(6) the name and address of each agent or subagent conducting business in this Commonwealth.
(b) A person applying for a new or renewal license and who is not located in this Commonwealth shall file with the application for license an irrevocable consent, duly acknowledged, that suits and actions may be commenced against that person in the courts of this Commonwealth by the service of process of any pleading upon the department in the usual manner provided for service of process and pleadings by the statutes and court rules of this Commonwealth. The consent shall provide that this service shall be as valid and binding as if service had been made personally upon the applicant in this Commonwealth. In all cases where process or pleadings are served upon the department pursuant to the provisions of this section, such process or pleadings shall be served in triplicate; one copy shall be filed with the department and the other shall be forwarded by the department, by certified or registered mail, return receipt requested, to the last known principal place of business in this Commonwealth and to the person's principal place of business.

Credits

1965, Sept. 2, P.L. 490, No. 249, § 5. Amended 1977, July 9, P.L. 70, No. 25, § 1, imd. effective; 1996, July 2, P.L. 486, No. 79, § 3, effective in 60 days; 2016, Nov. 3, P.L. 1002, No. 129, § 7, effective in 60 days [Jan. 3, 2017].
7 P.S. § 6105, PA ST 7 P.S. § 6105
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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