State Banking Account

Cal. FIN § 411

California Statutes

Except as otherwise provided in

Section or 414, all salaries and other expenses of the department, other than those incurred in administering laws relating to savings associations or the savings association business, credit unions or the credit union business, industrial banks, the industrial banking business, insurance premium finance agencies, the insurance premium finance business, or

Article 2 (commencing with

Section 53630) of

Chapter of Part of Division of Title of the Government Code, shall be paid out of the State Banking Account in the Financial Institutions Fund. Salaries and other expenses incurred in the liquidation or conservation of any bank (other than an industrial bank) or of any person licensed under Division 1.2 (commencing with

Section 2000) or Division 15 (commencing with

Section 31000), including the compensation of employees of the department to the extent that they are engaged in that liquidation or conservation, if possible, and if advanced from the State Banking Account in the Financial Institutions Fund, shall constitute a first charge against the assets of the bank or licensee, as the case may be.

Salaries and other expenses incurred in the liquidation or conservation of any industrial bank, including the compensation of employees of the department to the extent that they are engaged in that liquidation or conservation, if possible, and if advanced from the Industrial Bank Account in the Financial Institutions Fund, shall constitute a first charge against the assets of the industrial bank.

Document details

CollectionCalifornia Statutes
CitationCal. FIN § 411
Date2012-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierFIN411.20112432

State Banking Account

Cal. FIN § 411

California Statutes

State Banking Account

Cal. FIN § 411

California Statutes

Except as otherwise provided in

Section or 414, all salaries and other expenses of the department, other than those incurred in administering laws relating to savings associations or the savings association business, credit unions or the credit union business, industrial banks, the industrial banking business, insurance premium finance agencies, the insurance premium finance business, or

Article 2 (commencing with

Section 53630) of

Chapter of Part of Division of Title of the Government Code, shall be paid out of the State Banking Account in the Financial Institutions Fund. Salaries and other expenses incurred in the liquidation or conservation of any bank (other than an industrial bank) or of any person licensed under Division 1.2 (commencing with

Section 2000) or Division 15 (commencing with

Section 31000), including the compensation of employees of the department to the extent that they are engaged in that liquidation or conservation, if possible, and if advanced from the State Banking Account in the Financial Institutions Fund, shall constitute a first charge against the assets of the bank or licensee, as the case may be.

Salaries and other expenses incurred in the liquidation or conservation of any industrial bank, including the compensation of employees of the department to the extent that they are engaged in that liquidation or conservation, if possible, and if advanced from the Industrial Bank Account in the Financial Institutions Fund, shall constitute a first charge against the assets of the industrial bank.

Document details

CollectionCalifornia Statutes
CitationCal. FIN § 411
Date2012-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierFIN411.20112432