California · Financial Code

FIN §1253: An application for approval to acquire control of a bank or a controlling person shall be in such form and contain such information as the commissioner may require by regulation or order and shall be

What this law says, in plain English

A person seeking to acquire control of a bank must submit an application in the form and with the information the commissioner requires by regulation or order.

Read the full statutory text

An application for approval to acquire control of a bank or a controlling person shall be in such form and contain such information as the commissioner may require by regulation or order and shall be accompanied by the following fee: (a) In case the applicant has been a director or officer of the bank for not less than two years (or, if the bank has been in business for less than two years, for such lesser period), a fee of five hundred dollars ($500); and (b) In any other case, a fee of one thousand five hundred dollars ($1,500).

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