Fin. Code, § 1027 · Chapter 2. Application
Fin. Code, § 1027
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) With the approval of the commissioner, a bank may be formed to facilitate a merger or an acquisition of control. The new bank may survive the merger or acquisition of control.
(b) Sections 1020, 1021, 1022, 1023, and 1024 shall not apply to the formation of a bank pursuant to subdivision (a).
(c) Article 4 (commencing with Section 370) of Chapter 3 of Division 1 shall apply to a bank formed pursuant to subdivision (a).
(d) A request for approval to form a bank in accordance with subdivision (a) shall be accompanied by a fee of two thousand five hundred dollars ($2,500).
Notes and commentary — not statutory text
History
Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1027.
- Text hash
- sha256 d157c59321357a111b7e46207f4e852196c0dca43d993007933eca5180a8f516
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Financial Code
- Fin. Code, div. 1, ch. 3, art. 4Administration of the DepartmentPrinted as Article 4 (commencing with Section 370) of Chapter 3 of Division 1
- Fin. Code, § 1020Printed as Sections 1020, 1021, 1022, 1023, and 1024
- Fin. Code, § 1021Printed as Sections 1020, 1021, 1022, 1023, and 1024
- Fin. Code, § 1022Printed as Sections 1020, 1021, 1022, 1023, and 1024
- Fin. Code, § 1023Printed as Sections 1020, 1021, 1022, 1023, and 1024
- Fin. Code, § 1024Printed as Sections 1020, 1021, 1022, 1023, and 1024
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.