California § 1046. 1046. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California Statutes

§ 1046. — 1046. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1046.

Code FINFinancial Code - FIN

Div. 1.1.DIVISION 1.1. BANKING

Ch. 3.CHAPTER 3. Authorization to Engage in Banking

This text of California § 1046. (1046. (Added by Stats. 2011, Ch. 243, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 1046. (2026).

Text

If the proposed bank or trust company fails to open for business within 90 days after the issuance of the certificate of authorization, the right to transact business automatically terminates. The commissioner, however, for good cause on written application filed before the end of said 90-day period, may extend for one additional period of not to exceed 90 days the time within which the bank or trust company may open for business.

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If the proposed bank or trust company fails to open for business within 90 days after the issuance of the certificate of authorization, the right to transact business automatically terminates. The commissioner, however, for good cause on written application filed before the end of said 90-day period, may extend for one additional period of not to exceed 90 days the time within which the bank or trust company may open for business.

Legislative History

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

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California § 1046., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1046..