US Laws, Codes, Statutes & Cases

560.  In this article, unless the context otherwise requires:
   (a) "Automated teller machine" has the meaning set forth in
subdivision (a)  of Section 550.
   (b) "Bank" has the meaning set forth in subdivision (c) of Section
550.


561.  A bank may use automated teller machines established or
operated by another person, provided that the bank complies with the
following requirements:
   (a) In case the person is not (1) a bank, (2) a national banking
association headquartered in this state, or (3) a foreign (other
nation) bank that maintains a federal retail branch office (as
defined in Section 1700) in this state, the bank shall, before
commencing such use, file with the commissioner satisfactory
assurances that the performance of the services by the person will be
subject to examination by the commissioner to the same extent as if
the services were being performed by the bank itself.
   (b) In any case the bank shall, not less than 30 days before
commencing such use, file with the commissioner a notice that
contains the following information:
   (1) The name and primary address of the person establishing or
operating the automated teller machines.
   (2) A description of the type of functions that the automated
teller machines will perform.
   The notice shall also contain any additional information that the
commissioner may prescribe regarding the financial condition of the
notifying bank, and the functions and locations of the automated
teller machines.