600. The articles of each bank shall contain the applicable one of
the following statements:
(a) In case the bank is, or is proposed to be, a commercial bank
not authorized to engage in trust business, that the purpose of the
corporation is to engage in commercial banking business and any other
lawful activities which are not, by applicable laws or regulations,
prohibited to a commercial bank.
(b) In case the bank is, or is proposed to be, a commercial bank
authorized to engage in trust business, that the purpose of the
corporation is to engage in commercial banking business and trust
business and any other lawful activities which are not, by applicable
laws or regulations, prohibited to a commercial bank authorized to
engage in trust business.
(c) In case the bank is, or is proposed to be, an industrial bank
not authorized to engage in trust business, that the purpose of the
corporation is to engage in industrial banking business and any other
lawful activities which are not, by applicable laws or regulations,
prohibited to an industrial bank.
(d) In case the bank is, or is proposed to be, an industrial bank
authorized to engage in trust business, that the purpose of the
corporation is to engage in industrial banking business and trust
business and any other lawful activities which are not, by applicable
laws or regulations, prohibited to an industrial bank authorized to
engage in trust business.
(e) In case the bank is, or is proposed to be, a trust company
(other than a commercial bank authorized to engage in trust
business), that the purpose of the corporation is to engage in trust
business and any other lawful activities which are not, by applicable
laws or regulations, prohibited to a trust company.
600.3. (a) In this section:
(1) "Assessment provision" means the provision in the articles of
a bank that complies with the requirements of Section 600.2, as in
effect immediately before the effective date of this section, or any
predecessor statute.
(2) "Bank" means any (A) California state bank or (B) corporation
organized under the laws of this state for the purpose of transacting
business pursuant to Article 1 (commencing with Section 3500) of
Chapter 19.
(b) On and after the effective date of this section, the
assessment provision in the articles of a bank shall no longer be of
any force or effect.
(c) Notwithstanding Sections 902 and 903 of the Corporations Code,
a bank may, on or after the effective date of this section, amend
its articles by deleting the assessment provision with the approval
of its board alone and without any approval of its outstanding
shares.
(d) (1) Any order issued before the effective date of this section
by the commissioner pursuant to Section 662, as in effect
immediately before the effective date of this section or any
predecessor statute, shall, if and to the extent that the bank has
not before that date levied and collected through sale of shares or
otherwise, an assessment on its common shares, be deemed rescinded.
(2) Any proceeding commenced before the effective date of this
section by a bank to assess its common shares in accordance with an
order issued by the commissioner pursuant to Section 662, as in
effect immediately before the effective date of this section or any
predecessor statute, shall be terminated on the effective date of
this section. On and after the effective date of this section, the
bank shall take no further action to levy or collect the assessment
on its common shares, and any lien on the common shares created by
the assessment shall be deemed extinguished.
600.4. (a) No amendment of the articles of a bank (other than an
amendment set forth in an agreement of merger or in a certificate of
ownership executed pursuant to Section 1110 of the Corporations Code
that requires the approval of the commissioner pursuant to Chapter 4
(commencing with Section 4880) of Division 1.5) shall become
effective unless the certificate of amendment or other instrument
setting forth the amendment is filed with the Secretary of State with
the commissioner's approval endorsed thereon. Promptly after the
amendment becomes effective, the bank shall file with the
commissioner a copy of the certificate of amendment or other
instrument certified by the Secretary of State.
(b) Any amendment of the articles of a bank set forth in an
agreement of merger or in a certificate of ownership executed
pursuant to Section 1110 of the Corporations Code that requires the
approval of the commissioner pursuant to Chapter 4 (commencing with
Section 4880) of Division 1.5, shall become effective at the time
when the merger becomes effective pursuant to this division.
600.6. No restated articles of a bank shall become effective unless
the certificate setting forth such restated articles is filed with
the Secretary of State with the commissioner's approval endorsed
thereon. Promptly after the restated articles become effective, such
bank shall file with the commissioner a copy of such certificate
certified by the Secretary of State.
600.8. No certificate of determination of a bank shall become
effective unless such 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 bank shall file with the commissioner a copy of the certificate
of determination certified by the Secretary of State.
600.10. No certificate of correction of a bank shall become
effective unless such certificate of correction is filed with the
Secretary of State with the commissioner's approval endorsed thereon.
Promptly after the certificate of correction becomes effective, such
bank shall file with the commissioner a copy of the certificate of
correction certified by the Secretary of State.
600.12. No certificate of revocation of a bank shall become
effective unless such certificate of revocation is filed with the
Secretary of State with the commissioner's approval endorsed thereon.
Promptly after the certificate of revocation becomes effective, such
bank shall file with the commissioner a copy of the certificate of
revocation certified by the Secretary of State.
602. (a) A bank may change its name if it files with the
commissioner a report on the proposed change not less than 30 days
before the change. The report shall be in the form, shall contain the
information, shall be signed in the manner, and shall, if the
commissioner so requires, be verified in the manner the commissioner
may require.
(b) Whenever a bank changes its name, the bank shall surrender to
the commissioner for cancellation the certificates of authority under
its old name for its head office, any branch offices, and any places
of business. The commissioner shall issue to the bank replacement
certificates under the bank's new name and the bank shall pay to the
commissioner a fee of twenty-five dollars ($25) for each replacement
certificate.
(c) The commissioner may not deny an application for approval of
an amendment of the articles of incorporation of a bank which changes
the name of the bank or any other application of a bank relating to
a change in the name of the bank because the new name of the bank
resembles so closely, as to be likely to cause confusion, the name of
any other bank.
600. The articles of each bank shall contain the applicable one of
the following statements:
(a) In case the bank is, or is proposed to be, a commercial bank
not authorized to engage in trust business, that the purpose of the
corporation is to engage in commercial banking business and any other
lawful activities which are not, by applicable laws or regulations,
prohibited to a commercial bank.
(b) In case the bank is, or is proposed to be, a commercial bank
authorized to engage in trust business, that the purpose of the
corporation is to engage in commercial banking business and trust
business and any other lawful activities which are not, by applicable
laws or regulations, prohibited to a commercial bank authorized to
engage in trust business.
(c) In case the bank is, or is proposed to be, an industrial bank
not authorized to engage in trust business, that the purpose of the
corporation is to engage in industrial banking business and any other
lawful activities which are not, by applicable laws or regulations,
prohibited to an industrial bank.
(d) In case the bank is, or is proposed to be, an industrial bank
authorized to engage in trust business, that the purpose of the
corporation is to engage in industrial banking business and trust
business and any other lawful activities which are not, by applicable
laws or regulations, prohibited to an industrial bank authorized to
engage in trust business.
(e) In case the bank is, or is proposed to be, a trust company
(other than a commercial bank authorized to engage in trust
business), that the purpose of the corporation is to engage in trust
business and any other lawful activities which are not, by applicable
laws or regulations, prohibited to a trust company.
600.3. (a) In this section:
(1) "Assessment provision" means the provision in the articles of
a bank that complies with the requirements of Section 600.2, as in
effect immediately before the effective date of this section, or any
predecessor statute.
(2) "Bank" means any (A) California state bank or (B) corporation
organized under the laws of this state for the purpose of transacting
business pursuant to Article 1 (commencing with Section 3500) of
Chapter 19.
(b) On and after the effective date of this section, the
assessment provision in the articles of a bank shall no longer be of
any force or effect.
(c) Notwithstanding Sections 902 and 903 of the Corporations Code,
a bank may, on or after the effective date of this section, amend
its articles by deleting the assessment provision with the approval
of its board alone and without any approval of its outstanding
shares.
(d) (1) Any order issued before the effective date of this section
by the commissioner pursuant to Section 662, as in effect
immediately before the effective date of this section or any
predecessor statute, shall, if and to the extent that the bank has
not before that date levied and collected through sale of shares or
otherwise, an assessment on its common shares, be deemed rescinded.
(2) Any proceeding commenced before the effective date of this
section by a bank to assess its common shares in accordance with an
order issued by the commissioner pursuant to Section 662, as in
effect immediately before the effective date of this section or any
predecessor statute, shall be terminated on the effective date of
this section. On and after the effective date of this section, the
bank shall take no further action to levy or collect the assessment
on its common shares, and any lien on the common shares created by
the assessment shall be deemed extinguished.
600.4. (a) No amendment of the articles of a bank (other than an
amendment set forth in an agreement of merger or in a certificate of
ownership executed pursuant to Section 1110 of the Corporations Code
that requires the approval of the commissioner pursuant to Chapter 4
(commencing with Section 4880) of Division 1.5) shall become
effective unless the certificate of amendment or other instrument
setting forth the amendment is filed with the Secretary of State with
the commissioner's approval endorsed thereon. Promptly after the
amendment becomes effective, the bank shall file with the
commissioner a copy of the certificate of amendment or other
instrument certified by the Secretary of State.
(b) Any amendment of the articles of a bank set forth in an
agreement of merger or in a certificate of ownership executed
pursuant to Section 1110 of the Corporations Code that requires the
approval of the commissioner pursuant to Chapter 4 (commencing with
Section 4880) of Division 1.5, shall become effective at the time
when the merger becomes effective pursuant to this division.
600.6. No restated articles of a bank shall become effective unless
the certificate setting forth such restated articles is filed with
the Secretary of State with the commissioner's approval endorsed
thereon. Promptly after the restated articles become effective, such
bank shall file with the commissioner a copy of such certificate
certified by the Secretary of State.
600.8. No certificate of determination of a bank shall become
effective unless such 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 bank shall file with the commissioner a copy of the certificate
of determination certified by the Secretary of State.
600.10. No certificate of correction of a bank shall become
effective unless such certificate of correction is filed with the
Secretary of State with the commissioner's approval endorsed thereon.
Promptly after the certificate of correction becomes effective, such
bank shall file with the commissioner a copy of the certificate of
correction certified by the Secretary of State.
600.12. No certificate of revocation of a bank shall become
effective unless such certificate of revocation is filed with the
Secretary of State with the commissioner's approval endorsed thereon.
Promptly after the certificate of revocation becomes effective, such
bank shall file with the commissioner a copy of the certificate of
revocation certified by the Secretary of State.
602. (a) A bank may change its name if it files with the
commissioner a report on the proposed change not less than 30 days
before the change. The report shall be in the form, shall contain the
information, shall be signed in the manner, and shall, if the
commissioner so requires, be verified in the manner the commissioner
may require.
(b) Whenever a bank changes its name, the bank shall surrender to
the commissioner for cancellation the certificates of authority under
its old name for its head office, any branch offices, and any places
of business. The commissioner shall issue to the bank replacement
certificates under the bank's new name and the bank shall pay to the
commissioner a fee of twenty-five dollars ($25) for each replacement
certificate.
(c) The commissioner may not deny an application for approval of
an amendment of the articles of incorporation of a bank which changes
the name of the bank or any other application of a bank relating to
a change in the name of the bank because the new name of the bank
resembles so closely, as to be likely to cause confusion, the name of
any other bank.
600. The articles of each bank shall contain the applicable one of
the following statements:
(a) In case the bank is, or is proposed to be, a commercial bank
not authorized to engage in trust business, that the purpose of the
corporation is to engage in commercial banking business and any other
lawful activities which are not, by applicable laws or regulations,
prohibited to a commercial bank.
(b) In case the bank is, or is proposed to be, a commercial bank
authorized to engage in trust business, that the purpose of the
corporation is to engage in commercial banking business and trust
business and any other lawful activities which are not, by applicable
laws or regulations, prohibited to a commercial bank authorized to
engage in trust business.
(c) In case the bank is, or is proposed to be, an industrial bank
not authorized to engage in trust business, that the purpose of the
corporation is to engage in industrial banking business and any other
lawful activities which are not, by applicable laws or regulations,
prohibited to an industrial bank.
(d) In case the bank is, or is proposed to be, an industrial bank
authorized to engage in trust business, that the purpose of the
corporation is to engage in industrial banking business and trust
business and any other lawful activities which are not, by applicable
laws or regulations, prohibited to an industrial bank authorized to
engage in trust business.
(e) In case the bank is, or is proposed to be, a trust company
(other than a commercial bank authorized to engage in trust
business), that the purpose of the corporation is to engage in trust
business and any other lawful activities which are not, by applicable
laws or regulations, prohibited to a trust company.
600.3. (a) In this section:
(1) "Assessment provision" means the provision in the articles of
a bank that complies with the requirements of Section 600.2, as in
effect immediately before the effective date of this section, or any
predecessor statute.
(2) "Bank" means any (A) California state bank or (B) corporation
organized under the laws of this state for the purpose of transacting
business pursuant to Article 1 (commencing with Section 3500) of
Chapter 19.
(b) On and after the effective date of this section, the
assessment provision in the articles of a bank shall no longer be of
any force or effect.
(c) Notwithstanding Sections 902 and 903 of the Corporations Code,
a bank may, on or after the effective date of this section, amend
its articles by deleting the assessment provision with the approval
of its board alone and without any approval of its outstanding
shares.
(d) (1) Any order issued before the effective date of this section
by the commissioner pursuant to Section 662, as in effect
immediately before the effective date of this section or any
predecessor statute, shall, if and to the extent that the bank has
not before that date levied and collected through sale of shares or
otherwise, an assessment on its common shares, be deemed rescinded.
(2) Any proceeding commenced before the effective date of this
section by a bank to assess its common shares in accordance with an
order issued by the commissioner pursuant to Section 662, as in
effect immediately before the effective date of this section or any
predecessor statute, shall be terminated on the effective date of
this section. On and after the effective date of this section, the
bank shall take no further action to levy or collect the assessment
on its common shares, and any lien on the common shares created by
the assessment shall be deemed extinguished.
600.4. (a) No amendment of the articles of a bank (other than an
amendment set forth in an agreement of merger or in a certificate of
ownership executed pursuant to Section 1110 of the Corporations Code
that requires the approval of the commissioner pursuant to Chapter 4
(commencing with Section 4880) of Division 1.5) shall become
effective unless the certificate of amendment or other instrument
setting forth the amendment is filed with the Secretary of State with
the commissioner's approval endorsed thereon. Promptly after the
amendment becomes effective, the bank shall file with the
commissioner a copy of the certificate of amendment or other
instrument certified by the Secretary of State.
(b) Any amendment of the articles of a bank set forth in an
agreement of merger or in a certificate of ownership executed
pursuant to Section 1110 of the Corporations Code that requires the
approval of the commissioner pursuant to Chapter 4 (commencing with
Section 4880) of Division 1.5, shall become effective at the time
when the merger becomes effective pursuant to this division.
600.6. No restated articles of a bank shall become effective unless
the certificate setting forth such restated articles is filed with
the Secretary of State with the commissioner's approval endorsed
thereon. Promptly after the restated articles become effective, such
bank shall file with the commissioner a copy of such certificate
certified by the Secretary of State.
600.8. No certificate of determination of a bank shall become
effective unless such 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 bank shall file with the commissioner a copy of the certificate
of determination certified by the Secretary of State.
600.10. No certificate of correction of a bank shall become
effective unless such certificate of correction is filed with the
Secretary of State with the commissioner's approval endorsed thereon.
Promptly after the certificate of correction becomes effective, such
bank shall file with the commissioner a copy of the certificate of
correction certified by the Secretary of State.
600.12. No certificate of revocation of a bank shall become
effective unless such certificate of revocation is filed with the
Secretary of State with the commissioner's approval endorsed thereon.
Promptly after the certificate of revocation becomes effective, such
bank shall file with the commissioner a copy of the certificate of
revocation certified by the Secretary of State.
602. (a) A bank may change its name if it files with the
commissioner a report on the proposed change not less than 30 days
before the change. The report shall be in the form, shall contain the
information, shall be signed in the manner, and shall, if the
commissioner so requires, be verified in the manner the commissioner
may require.
(b) Whenever a bank changes its name, the bank shall surrender to
the commissioner for cancellation the certificates of authority under
its old name for its head office, any branch offices, and any places
of business. The commissioner shall issue to the bank replacement
certificates under the bank's new name and the bank shall pay to the
commissioner a fee of twenty-five dollars ($25) for each replacement
certificate.
(c) The commissioner may not deny an application for approval of
an amendment of the articles of incorporation of a bank which changes
the name of the bank or any other application of a bank relating to
a change in the name of the bank because the new name of the bank
resembles so closely, as to be likely to cause confusion, the name of
any other bank.
