California § 1813. 1813. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California Statutes

§ 1813. — 1813. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1813.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 1.1.DIVISION 1.1. BANKING

Ch. 20.CHAPTER 20. Foreign (Other Nation) Banks

Art. 3.ARTICLE 3. Agencies and Branch Offices

This text of California § 1813. (1813. (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 § 1813. (2026).

Text

(a)

(1)No foreign (other nation) bank which is licensed to maintain an agency or branch office shall close such office unless the commissioner shall have first approved such closing.

(2)Paragraph (1) shall not be deemed to prohibit a foreign (other nation) bank which is licensed to maintain an agency or branch office from closing such office in accordance with Article 4 (commencing with Section 1825).

(b)If the commissioner finds the following with respect to an application by a foreign (other nation) bank for approval to close an agency or branch office, the commissioner shall approve such application:

(1)That it will not be unsafe or unsound for the bank to close the office; and

(2)That the closing of the office will not be substantially detrimental to the public convenience and ad

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(a)
(1)
No foreign (other nation) bank which is licensed to maintain an agency or branch office shall close such office unless the commissioner shall have first approved such closing.
(2)
Paragraph (1) shall not be deemed to prohibit a foreign (other nation) bank which is licensed to maintain an agency or branch office from closing such office in accordance with Article 4
(commencing with Section 1825).
(b)
If the commissioner finds the following with respect to an application by a foreign (other nation) bank for approval to close an agency or branch office, the commissioner shall approve such application:
(1)
That it will not be unsafe or unsound for the bank to close the office; and
(2)
That the closing of the office will not be substantially detrimental to the public convenience and advantage or that the closing of the office is necessary in the interests of the safety and soundness of the bank.
If the commissioner finds otherwise, the commissioner shall deny the application.
(c)
Whenever an application by a foreign (other nation) bank for approval to close an agency or
branch office has been approved and all conditions precedent to such closing have been fulfilled, such bank may close such office and shall promptly thereafter surrender to the commissioner the license which authorized it to maintain the office.