2005 California Financial Code Sections 419-421 Article 5. Location of Head Office

FINANCIAL CODE
SECTION 419-421

419.  A California state bank shall maintain its head office in this
state.
420.  A bank or trust company may change the location of its head
office within this state with the written approval of the
commissioner.  An application for approval shall be in the form and
contain the information that the commissioner may require, and shall
be accompanied by a fee of two hundred fifty dollars ($250).
421.  (a) As used in this section:
   (1) "Branch office" has the meaning set forth in subdivision (a)
of Section 500.
   (2) "Redesignation of the head office and a branch office" means
the relocation by a bank of its head office to the site of a branch
office in this state and the concurrent establishment by the bank of
a branch office at the former site of the head office.
   (b) A redesignation of the head office and a branch office shall
not be subject to Section 420 or to Article 1 (commencing with
Section 500) of Chapter 4.
   (c) A bank may effect a redesignation of the head office and a
branch office, if it files with the commissioner a report on the
proposed redesignation not less than 30 days before the
redesignation.  The report shall be in the form, shall contain the
information, shall be signed in the manner, and shall, if the
commissioner so requires, be verified in the manner the commissioner
may require.
   (d) Whenever a bank effects a redesignation of the head office and
a branch office, the bank shall do the following:
   (1) The bank shall surrender to the commissioner for cancellation
the certificate of authority for the head office at the original site
and the certificate of authority for the branch office where it is
relocating the head office.  The commissioner shall issue to the bank
a new certificate of authority authorizing the bank to maintain the
head office at the new site and a new certificate of authority
authorizing the bank to establish and operate a branch office at the
former site of the head office.  The bank shall pay to the
commissioner a fee of twenty-five dollars ($25) for each new
certificate.
   (2) In the event that the bank has any other certificates of
authority which list the bank's head office at the former site, the
bank shall surrender the certificates to the commissioner for
cancellation.  The commissioner shall issue to the bank replacement
certificates listing the bank's head office at the new site, and the
bank shall pay to the commissioner a fee of twenty-five dollars ($25)
for each replacement certificate.


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