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2025 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 3 - Corporate Administration
ARTICLE 4 - Directors
Section 6157.
Universal Citation:
CA Fin Code § 6157 (2025)
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6157. Every savings association subject to the new director or senior executive officer notice requirements of Section 32 of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1831i) based upon recent chartering or change of control or failure to maintain the minimum required capital or otherwise troubled condition shall provide the commissioner, at the same time the notice is submitted to the appropriate federal agency, with a copy of the notification submitted in compliance with that requirement.
(Added by Stats. 1990, Ch. 1118, Sec. 29.)
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