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HomeFinancial CodeDiv. 1.1Ch. 5Art. 1§ 1103 Bank Restated Articles Filing

§ 1103 Bank Restated Articles Filing

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 1103 Bank Restated Articles Filing

A bank can’t make its new articles official until it files a certificate with the Secretary of State that the commissioner has approved, and then it must send a certified copy of that certificate to the commissioner after the articles go into effect.

Key Takeaways

  • •The bank must file a certificate with the Secretary of State before the new articles can become effective.
  • •The commissioner has to approve the certificate for the change to take effect.
  • •Once the new articles are effective, the bank must send a certified copy of the certificate to the commissioner.

Example

Bank XYZ wants to change the rules that govern how it runs its business.

First, XYZ files a certificate with the Secretary of State and gets the commissioner’s approval. Only after that approval does the change become official. Right after the change is official, XYZ sends a certified copy of the same certificate to the commissioner.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 1103 Bank Restated Articles Filing

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. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 10, 2026

Key Terms

restated articlescertificateSecretary of Statecommissioner’s approval

Related Statutes

  • § 14102.2 Credit Union Restated Articles
  • § 1104 Bank Certificate Filing Requirements
  • § 1105 Bank Correction Certificate Filing
  • § 1106 Bank Revocation Certificate Filing
  • § 1102 Bank Article Amendment Approval

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 1103.
View Official Source