Not less than one business day before commencing trust business, an applicant shall file with the Commissioner an application for the issuance of a certificate of authority authorizing it to transact trust business. Such application shall state the date on which the applicant proposes to commence trust business.

Note: Authority cited: Section 215, Financial Code. Reference: Section 1500.1, Financial Code.

History

1. Change without regulatory effect amending section and adding new Note filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).