Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 1.: DIVISION 1. FINANCIAL INSTITUTIONS/Ch. 3.: CHAPTER 3. Department of Financial Protection and Innovation/Art. 6.: ARTICLE 6. State Banking Account/§ 406.
California Statutes

§ 406. — 406. (Added by Stats. 2011, Ch. 243, Sec. 2.)

California § 406.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.DIVISION 1. FINANCIAL INSTITUTIONS
Ch. 3.CHAPTER 3. Department of Financial Protection and Innovation
Art. 6.ARTICLE 6. State Banking Account

This text of California § 406. (406. (Added by Stats. 2011, Ch. 243, Sec. 2.)) 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 § 406. (2026).

Text

The commissioner shall annually collect from national banking associations and foreign (other state) banks operating trust departments in this state an annual assessment to meet expenses of the department, not exceeding one one-hundredth of 1 percent of the amount required by law to be deposited with the Treasurer as surety for the faithful performance and execution of all court and private trusts accepted by them.

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Legislative History

Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.

Nearby Sections

2
§ 406.
406. (Added by Stats. 2011, Ch. 243, Sec. 2.)
§ 4060.
4060. (Added by Stats. 2003, Ch. 241, Sec. 1.)
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California § 406., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/406..