California Assembly Bill AB382 Latest Draft

 BILL NUMBER: AB 382INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Travis Allen FEBRUARY 18, 2015 An act to amend Section 1104 of the Financial Code, relating to banking. LEGISLATIVE COUNSEL'S DIGEST AB 382, as introduced, Travis Allen. Certificate of determination. The Banking Law requires a certificate of determination of a bank to be endorsed by the Commissioner of Business Oversight and filed with the Secretary of State to become effective, and requires a bank, promptly after the certificate of determination becomes effective, to file with the commissioner a copy of the certificate of determination certified by the Secretary of State. This bill would make nonsubstantive changes to these provisions. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 1104 of the Financial Code is amended to read: 1104.  No   A  certificate of determination of a bank shall  not  become effective unless  such   the  certificate of determination is filed with the Secretary of State with the commissioner's approval endorsed thereon. Promptly after the certificate of determination becomes effective,  such   the  bank shall file with the commissioner a copy of the certificate of determination certified by the Secretary of State.