§ 1704 Foreign Bank Relocation Notice

Financial Code·California

AI SummaryVerified

This law says an insured foreign bank must tell the commissioner at least 30 days before it moves a facility.

Key Takeaways

•The notice must be given at least 30 days before the move.
•Only applies to insured foreign (out‑of‑state) banks.
•The report goes to the state commissioner.

Example

A bank from another state wants to close its downtown branch and open a new one in the suburbs.

Before the move, the bank has to send a report to the state commissioner at least 30 days ahead of time.

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

Official Source

View on CA.gov

§ 1704 Foreign Bank Relocation Notice

Not less than 30 days before an insured foreign (other state) bank relocates a facility, it shall file a report with the commissioner. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 11, 2026

Key Terms

insured foreign bank relocates a facility file a report commissioner

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 1704.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References