Amended IN Senate March 22, 2018 CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 1361Introduced by Senator BradfordFebruary 16, 2018 An act to amend Section 7102 of the Labor Code, relating to building safety. Section 1078 of the Financial Code, relating to banking.LEGISLATIVE COUNSEL'S DIGESTSB 1361, as amended, Bradford. Building safety. Banking: branch offices: closing.Existing law, the Banking Law, defines and regulates specified banks and trust companies and commits the enforcement of these laws with the Commissioner of Business Oversight. The Banking Law prescribes various requirements for bank offices and authorizes a bank to close or discontinue the operation of a branch office only if the bank satisfies certain requirements, including providing the commissioner a notice containing specified information.This bill would require a bank that proposes to close or discontinue a branch office to post prominently, at specified locations at the branch, a notice containing certain information, including the date of closing or discontinuance and the location of the office to which the business of the branch will be transferred.Existing law prescribes standards for buildings under construction or repair and defines a building, for these purposes, as any multifloor building, other than one framed with structural steel, that is more than 2 stories high in the course of construction. Existing law prescribes particular standards for buildings of reinforced concrete construction that have reinforced concrete floors, which address when floors must be filled in, in relation to subsequent work on the floors above.This bill would make nonsubstantive changes to the provisions relating to buildings of reinforced concrete construction with reinforced concrete floors, as described above.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 1078 of the Financial Code is amended to read:1078. (a) A bank may close or discontinue the operation of any branch office if, before the closing or discontinuance, (1) the bank files with the commissioner a notice containing the information in subdivision (b), and (2) the commissioner within 60 days after the filing of the notice or any longer period to which the bank consents, filing of the notice or any longer period to which the bank consents, either (A) issues a written statement not objecting to the notice, or (B) does not issue a written objection to the notice.(b) (1) A notice filed under subdivision (a) shall contain all of the following information:(A) The name of the California state bank.(B) The location of the branch office proposed to be closed or discontinued.(C) The location of the office to which the business of the branch office proposed to be closed or discontinued is proposed to be transferred.(D) The proposed date of closing or discontinuance.(E) A detailed statement of the reasons for the decision to close the branch office.(F) Statistical or other information in support of the reasons consistent with the institutions written policy for branch office closings.(G) Any other information that the commissioner may require.(2) A notice filed under subdivision (a) shall be in the form, shall be signed in the manner, and shall, if the commissioner requires, be verified in the manner that the commissioner may require.(c) For purposes of subdivision (a), a notice is deemed to be filed with the commissioner at the time when the all of the following have occurred:(1) The complete notice, including any amendments or supplements, containing all the information required by the commissioner, and otherwise complying with subdivision (b), is received by the commissioner.(2) A summary of the notice, including, at a minimum, the information described in subparagraphs (A) to (D), inclusive, of subdivision (b), has been posted prominently in the following locations:(A) In one location inside the branch that is proposed to be closed or discontinued.(B) In one location near or on the primary entrance to the branch to be closed or discontinued, where the notice may be read from outside the branch. (d) In determining whether or not to object to a notice filed under subdivision (a), except if the commissioner finds that it is necessary in the interests of safety and soundness that the branch office be closed or discontinued, the commissioner shall consider whether the closing or discontinuance of the branch office will have a seriously adverse effect on the public convenience or advantage.SECTION 1.Section 7102 of the Labor Code is amended to read:7102.A building that is of reinforced concrete construction, with reinforced concrete floors, shall have the floor filled in, either with forms or concrete, on each floor before the commencement of work upon the walls of the second floor above or the commencement of work upon the floor of the next floor above.
Amended IN Senate March 22, 2018 CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 1361Introduced by Senator BradfordFebruary 16, 2018 An act to amend Section 7102 of the Labor Code, relating to building safety. Section 1078 of the Financial Code, relating to banking.LEGISLATIVE COUNSEL'S DIGESTSB 1361, as amended, Bradford. Building safety. Banking: branch offices: closing.Existing law, the Banking Law, defines and regulates specified banks and trust companies and commits the enforcement of these laws with the Commissioner of Business Oversight. The Banking Law prescribes various requirements for bank offices and authorizes a bank to close or discontinue the operation of a branch office only if the bank satisfies certain requirements, including providing the commissioner a notice containing specified information.This bill would require a bank that proposes to close or discontinue a branch office to post prominently, at specified locations at the branch, a notice containing certain information, including the date of closing or discontinuance and the location of the office to which the business of the branch will be transferred.Existing law prescribes standards for buildings under construction or repair and defines a building, for these purposes, as any multifloor building, other than one framed with structural steel, that is more than 2 stories high in the course of construction. Existing law prescribes particular standards for buildings of reinforced concrete construction that have reinforced concrete floors, which address when floors must be filled in, in relation to subsequent work on the floors above.This bill would make nonsubstantive changes to the provisions relating to buildings of reinforced concrete construction with reinforced concrete floors, as described above.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO
Amended IN Senate March 22, 2018
Amended IN Senate March 22, 2018
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
Senate Bill No. 1361
Introduced by Senator BradfordFebruary 16, 2018
Introduced by Senator Bradford
February 16, 2018
An act to amend Section 7102 of the Labor Code, relating to building safety. Section 1078 of the Financial Code, relating to banking.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
SB 1361, as amended, Bradford. Building safety. Banking: branch offices: closing.
Existing law, the Banking Law, defines and regulates specified banks and trust companies and commits the enforcement of these laws with the Commissioner of Business Oversight. The Banking Law prescribes various requirements for bank offices and authorizes a bank to close or discontinue the operation of a branch office only if the bank satisfies certain requirements, including providing the commissioner a notice containing specified information.This bill would require a bank that proposes to close or discontinue a branch office to post prominently, at specified locations at the branch, a notice containing certain information, including the date of closing or discontinuance and the location of the office to which the business of the branch will be transferred.Existing law prescribes standards for buildings under construction or repair and defines a building, for these purposes, as any multifloor building, other than one framed with structural steel, that is more than 2 stories high in the course of construction. Existing law prescribes particular standards for buildings of reinforced concrete construction that have reinforced concrete floors, which address when floors must be filled in, in relation to subsequent work on the floors above.This bill would make nonsubstantive changes to the provisions relating to buildings of reinforced concrete construction with reinforced concrete floors, as described above.
Existing law, the Banking Law, defines and regulates specified banks and trust companies and commits the enforcement of these laws with the Commissioner of Business Oversight. The Banking Law prescribes various requirements for bank offices and authorizes a bank to close or discontinue the operation of a branch office only if the bank satisfies certain requirements, including providing the commissioner a notice containing specified information.
This bill would require a bank that proposes to close or discontinue a branch office to post prominently, at specified locations at the branch, a notice containing certain information, including the date of closing or discontinuance and the location of the office to which the business of the branch will be transferred.
Existing law prescribes standards for buildings under construction or repair and defines a building, for these purposes, as any multifloor building, other than one framed with structural steel, that is more than 2 stories high in the course of construction. Existing law prescribes particular standards for buildings of reinforced concrete construction that have reinforced concrete floors, which address when floors must be filled in, in relation to subsequent work on the floors above.
This bill would make nonsubstantive changes to the provisions relating to buildings of reinforced concrete construction with reinforced concrete floors, as described above.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 1078 of the Financial Code is amended to read:1078. (a) A bank may close or discontinue the operation of any branch office if, before the closing or discontinuance, (1) the bank files with the commissioner a notice containing the information in subdivision (b), and (2) the commissioner within 60 days after the filing of the notice or any longer period to which the bank consents, filing of the notice or any longer period to which the bank consents, either (A) issues a written statement not objecting to the notice, or (B) does not issue a written objection to the notice.(b) (1) A notice filed under subdivision (a) shall contain all of the following information:(A) The name of the California state bank.(B) The location of the branch office proposed to be closed or discontinued.(C) The location of the office to which the business of the branch office proposed to be closed or discontinued is proposed to be transferred.(D) The proposed date of closing or discontinuance.(E) A detailed statement of the reasons for the decision to close the branch office.(F) Statistical or other information in support of the reasons consistent with the institutions written policy for branch office closings.(G) Any other information that the commissioner may require.(2) A notice filed under subdivision (a) shall be in the form, shall be signed in the manner, and shall, if the commissioner requires, be verified in the manner that the commissioner may require.(c) For purposes of subdivision (a), a notice is deemed to be filed with the commissioner at the time when the all of the following have occurred:(1) The complete notice, including any amendments or supplements, containing all the information required by the commissioner, and otherwise complying with subdivision (b), is received by the commissioner.(2) A summary of the notice, including, at a minimum, the information described in subparagraphs (A) to (D), inclusive, of subdivision (b), has been posted prominently in the following locations:(A) In one location inside the branch that is proposed to be closed or discontinued.(B) In one location near or on the primary entrance to the branch to be closed or discontinued, where the notice may be read from outside the branch. (d) In determining whether or not to object to a notice filed under subdivision (a), except if the commissioner finds that it is necessary in the interests of safety and soundness that the branch office be closed or discontinued, the commissioner shall consider whether the closing or discontinuance of the branch office will have a seriously adverse effect on the public convenience or advantage.SECTION 1.Section 7102 of the Labor Code is amended to read:7102.A building that is of reinforced concrete construction, with reinforced concrete floors, shall have the floor filled in, either with forms or concrete, on each floor before the commencement of work upon the walls of the second floor above or the commencement of work upon the floor of the next floor above.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 1078 of the Financial Code is amended to read:1078. (a) A bank may close or discontinue the operation of any branch office if, before the closing or discontinuance, (1) the bank files with the commissioner a notice containing the information in subdivision (b), and (2) the commissioner within 60 days after the filing of the notice or any longer period to which the bank consents, filing of the notice or any longer period to which the bank consents, either (A) issues a written statement not objecting to the notice, or (B) does not issue a written objection to the notice.(b) (1) A notice filed under subdivision (a) shall contain all of the following information:(A) The name of the California state bank.(B) The location of the branch office proposed to be closed or discontinued.(C) The location of the office to which the business of the branch office proposed to be closed or discontinued is proposed to be transferred.(D) The proposed date of closing or discontinuance.(E) A detailed statement of the reasons for the decision to close the branch office.(F) Statistical or other information in support of the reasons consistent with the institutions written policy for branch office closings.(G) Any other information that the commissioner may require.(2) A notice filed under subdivision (a) shall be in the form, shall be signed in the manner, and shall, if the commissioner requires, be verified in the manner that the commissioner may require.(c) For purposes of subdivision (a), a notice is deemed to be filed with the commissioner at the time when the all of the following have occurred:(1) The complete notice, including any amendments or supplements, containing all the information required by the commissioner, and otherwise complying with subdivision (b), is received by the commissioner.(2) A summary of the notice, including, at a minimum, the information described in subparagraphs (A) to (D), inclusive, of subdivision (b), has been posted prominently in the following locations:(A) In one location inside the branch that is proposed to be closed or discontinued.(B) In one location near or on the primary entrance to the branch to be closed or discontinued, where the notice may be read from outside the branch. (d) In determining whether or not to object to a notice filed under subdivision (a), except if the commissioner finds that it is necessary in the interests of safety and soundness that the branch office be closed or discontinued, the commissioner shall consider whether the closing or discontinuance of the branch office will have a seriously adverse effect on the public convenience or advantage.
SECTION 1. Section 1078 of the Financial Code is amended to read:
### SECTION 1.
1078. (a) A bank may close or discontinue the operation of any branch office if, before the closing or discontinuance, (1) the bank files with the commissioner a notice containing the information in subdivision (b), and (2) the commissioner within 60 days after the filing of the notice or any longer period to which the bank consents, filing of the notice or any longer period to which the bank consents, either (A) issues a written statement not objecting to the notice, or (B) does not issue a written objection to the notice.(b) (1) A notice filed under subdivision (a) shall contain all of the following information:(A) The name of the California state bank.(B) The location of the branch office proposed to be closed or discontinued.(C) The location of the office to which the business of the branch office proposed to be closed or discontinued is proposed to be transferred.(D) The proposed date of closing or discontinuance.(E) A detailed statement of the reasons for the decision to close the branch office.(F) Statistical or other information in support of the reasons consistent with the institutions written policy for branch office closings.(G) Any other information that the commissioner may require.(2) A notice filed under subdivision (a) shall be in the form, shall be signed in the manner, and shall, if the commissioner requires, be verified in the manner that the commissioner may require.(c) For purposes of subdivision (a), a notice is deemed to be filed with the commissioner at the time when the all of the following have occurred:(1) The complete notice, including any amendments or supplements, containing all the information required by the commissioner, and otherwise complying with subdivision (b), is received by the commissioner.(2) A summary of the notice, including, at a minimum, the information described in subparagraphs (A) to (D), inclusive, of subdivision (b), has been posted prominently in the following locations:(A) In one location inside the branch that is proposed to be closed or discontinued.(B) In one location near or on the primary entrance to the branch to be closed or discontinued, where the notice may be read from outside the branch. (d) In determining whether or not to object to a notice filed under subdivision (a), except if the commissioner finds that it is necessary in the interests of safety and soundness that the branch office be closed or discontinued, the commissioner shall consider whether the closing or discontinuance of the branch office will have a seriously adverse effect on the public convenience or advantage.
1078. (a) A bank may close or discontinue the operation of any branch office if, before the closing or discontinuance, (1) the bank files with the commissioner a notice containing the information in subdivision (b), and (2) the commissioner within 60 days after the filing of the notice or any longer period to which the bank consents, filing of the notice or any longer period to which the bank consents, either (A) issues a written statement not objecting to the notice, or (B) does not issue a written objection to the notice.(b) (1) A notice filed under subdivision (a) shall contain all of the following information:(A) The name of the California state bank.(B) The location of the branch office proposed to be closed or discontinued.(C) The location of the office to which the business of the branch office proposed to be closed or discontinued is proposed to be transferred.(D) The proposed date of closing or discontinuance.(E) A detailed statement of the reasons for the decision to close the branch office.(F) Statistical or other information in support of the reasons consistent with the institutions written policy for branch office closings.(G) Any other information that the commissioner may require.(2) A notice filed under subdivision (a) shall be in the form, shall be signed in the manner, and shall, if the commissioner requires, be verified in the manner that the commissioner may require.(c) For purposes of subdivision (a), a notice is deemed to be filed with the commissioner at the time when the all of the following have occurred:(1) The complete notice, including any amendments or supplements, containing all the information required by the commissioner, and otherwise complying with subdivision (b), is received by the commissioner.(2) A summary of the notice, including, at a minimum, the information described in subparagraphs (A) to (D), inclusive, of subdivision (b), has been posted prominently in the following locations:(A) In one location inside the branch that is proposed to be closed or discontinued.(B) In one location near or on the primary entrance to the branch to be closed or discontinued, where the notice may be read from outside the branch. (d) In determining whether or not to object to a notice filed under subdivision (a), except if the commissioner finds that it is necessary in the interests of safety and soundness that the branch office be closed or discontinued, the commissioner shall consider whether the closing or discontinuance of the branch office will have a seriously adverse effect on the public convenience or advantage.
1078. (a) A bank may close or discontinue the operation of any branch office if, before the closing or discontinuance, (1) the bank files with the commissioner a notice containing the information in subdivision (b), and (2) the commissioner within 60 days after the filing of the notice or any longer period to which the bank consents, filing of the notice or any longer period to which the bank consents, either (A) issues a written statement not objecting to the notice, or (B) does not issue a written objection to the notice.(b) (1) A notice filed under subdivision (a) shall contain all of the following information:(A) The name of the California state bank.(B) The location of the branch office proposed to be closed or discontinued.(C) The location of the office to which the business of the branch office proposed to be closed or discontinued is proposed to be transferred.(D) The proposed date of closing or discontinuance.(E) A detailed statement of the reasons for the decision to close the branch office.(F) Statistical or other information in support of the reasons consistent with the institutions written policy for branch office closings.(G) Any other information that the commissioner may require.(2) A notice filed under subdivision (a) shall be in the form, shall be signed in the manner, and shall, if the commissioner requires, be verified in the manner that the commissioner may require.(c) For purposes of subdivision (a), a notice is deemed to be filed with the commissioner at the time when the all of the following have occurred:(1) The complete notice, including any amendments or supplements, containing all the information required by the commissioner, and otherwise complying with subdivision (b), is received by the commissioner.(2) A summary of the notice, including, at a minimum, the information described in subparagraphs (A) to (D), inclusive, of subdivision (b), has been posted prominently in the following locations:(A) In one location inside the branch that is proposed to be closed or discontinued.(B) In one location near or on the primary entrance to the branch to be closed or discontinued, where the notice may be read from outside the branch. (d) In determining whether or not to object to a notice filed under subdivision (a), except if the commissioner finds that it is necessary in the interests of safety and soundness that the branch office be closed or discontinued, the commissioner shall consider whether the closing or discontinuance of the branch office will have a seriously adverse effect on the public convenience or advantage.
1078. (a) A bank may close or discontinue the operation of any branch office if, before the closing or discontinuance, (1) the bank files with the commissioner a notice containing the information in subdivision (b), and (2) the commissioner within 60 days after the filing of the notice or any longer period to which the bank consents, filing of the notice or any longer period to which the bank consents, either (A) issues a written statement not objecting to the notice, or (B) does not issue a written objection to the notice.
(b) (1) A notice filed under subdivision (a) shall contain all of the following information:
(A) The name of the California state bank.
(B) The location of the branch office proposed to be closed or discontinued.
(C) The location of the office to which the business of the branch office proposed to be closed or discontinued is proposed to be transferred.
(D) The proposed date of closing or discontinuance.
(E) A detailed statement of the reasons for the decision to close the branch office.
(F) Statistical or other information in support of the reasons consistent with the institutions written policy for branch office closings.
(G) Any other information that the commissioner may require.
(2) A notice filed under subdivision (a) shall be in the form, shall be signed in the manner, and shall, if the commissioner requires, be verified in the manner that the commissioner may require.
(c) For purposes of subdivision (a), a notice is deemed to be filed with the commissioner at the time when the all of the following have occurred:
(1) The complete notice, including any amendments or supplements, containing all the information required by the commissioner, and otherwise complying with subdivision (b), is received by the commissioner.
(2) A summary of the notice, including, at a minimum, the information described in subparagraphs (A) to (D), inclusive, of subdivision (b), has been posted prominently in the following locations:
(A) In one location inside the branch that is proposed to be closed or discontinued.
(B) In one location near or on the primary entrance to the branch to be closed or discontinued, where the notice may be read from outside the branch.
(d) In determining whether or not to object to a notice filed under subdivision (a), except if the commissioner finds that it is necessary in the interests of safety and soundness that the branch office be closed or discontinued, the commissioner shall consider whether the closing or discontinuance of the branch office will have a seriously adverse effect on the public convenience or advantage.
A building that is of reinforced concrete construction, with reinforced concrete floors, shall have the floor filled in, either with forms or concrete, on each floor before the commencement of work upon the walls of the second floor above or the commencement of work upon the floor of the next floor above.