1. (a) In this Part, “applicant” means a foreign (other nation) bank which applies to the Commissioner for approval to establish a California state representative office.
2. (b) This Part contains regulations relating to the establishment of a California state representative office pursuant to Financial Code Section 1781.

Note: Authority cited: Section 326, Financial Code. Reference: Section 1781, Financial Code.

History

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

2. Amendment of subsection (a) filed 4-14-98; operative 5-14-98 (Register 98, No. 16).

3. Change without regulatory effect amending subsection (b) and Note filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).