An association desiring to exercise trust powers, either through a trust department or through an affiliate, shall file with the commissioner an application indicating which trust powers it wishes to exercise and providing the information necessary to make the determination under Section 235.41(b) of the regulations.

Note: Authority cited: Section 5500.5, Financial Code. Reference: Title 10, Calif. Adm. Code, Chapter 2, Subchapter 3, Article 5 (Sec. 103.500.) and Subchapter 4, Article 5 (Section 104.500 et seq.); and Sections 5003 and 5501.5, Financial Code.

History

1. Change without regulatory effect renumbering former Section 245.2 to Section 103.500 (Register 87, No. 14). For prior history, see Register 81, No. 5.