This section states that several divisions, beginning with specific section numbers, are collectively referred to as the 'Financial Institutions Law.' This acts as a reference name for these divisions.

This law says that if a part of California's Financial Institutions Law conflicts with federal law, it won't be applied or enforced.

This law defines the term 'bank' as any incorporated institution set up to conduct commercial banking, industrial banking, or trust business. Essentially, it explains what kinds of banking businesses qualify as a 'bank' under the Financial Institutions Law.

This law divides banks into three main types: commercial banks, industrial banks, and trust companies.

This law defines a 'commercial bank' as a corporation set up specifically to conduct commercial banking activities.

An industrial bank is a type of corporation that's set up specifically to conduct industrial banking activities. This means its primary business is to offer financial services that are typically associated with industrial development and commerce.

This law defines "industrial banking business" as the activities of providing loans and accepting deposits. It specifies that deposits can be in forms like investment or thrift certificates, but not demand deposits, which are the type where you can withdraw immediately without notice.

This law defines what 'trust business' means. It covers activities like managing estates when someone passes away, looking after people’s financial matters if they're unable to, or serving as a trustee. These roles can be assigned by a court or be part of a legal requirement in any state or the United States.

A 'trust company' is defined as a corporation or a bank, whether industrial or commercial, that has permission to operate in the trust business.

This law defines what is considered a 'bank' in California. It includes public banks, commercial banks, industrial banks, and trust companies. However, it specifically excludes savings associations and credit unions from being classified as banks under this definition.

This section explains the definitions related to different types of offices for a licensed business. An 'office' can be the main office, a branch, or any other approved business location. The 'head office' is specifically the main business location of the licensee.

This law section clarifies that the terms 'real property' and 'personal property' should be interpreted according to definitions found in another part of the Civil Code, specifically starting from Section 654. Essentially, it tells you where to look for the specific meanings of these terms.

This law defines the term 'person' to include a wide variety of entities. These range from individuals to complex organizations like corporations, partnerships, and even government bodies. Basically, it's an inclusive definition covering most kinds of legal entities.

This law section states that the definitions provided in the chapter are used to interpret the Financial Institutions Law, unless there's a specific provision or context that says otherwise.

This section essentially says that when it comes to voting shares, you should look at Section 111 of the Corporations Code for guidance.

This law explains that if a bank's rules allow shares to have different voting weights on any issue, then references to a majority or specific proportion in certain sections refer to the total votes allowed, not just the number of shares. If some shares are not allowed to vote on an issue, those shares are not counted when deciding if there are enough shares present to hold a meeting (a quorum) or to approve a decision.

This law states that whenever the division mentions a requirement for a vote of each class of outstanding shares, you should understand it according to the rules set in Section 117 of the Corporations Code.

When the term "approved by the board" is used, it means that a decision has been approved or confirmed by either the board's vote or a committee that has the board's authority. However, this doesn't include issues that the committee can't decide on by law, or those that need shareholder approval as well.

This section explains what it means for shareholders to approve something. Basically, approval by the outstanding shares involves getting a majority vote from shareholders of each class or series allowed to vote.

If rules set out by company articles or related laws require more than just a majority, then that higher number of votes is needed for approval.

In this law, 'approved by the shareholders' means getting a sufficient number of votes or written agreement from shareholders to make a decision. The exact number of votes needed can be more than a simple majority and is determined by specific rules found in other related sections or company documents.

This law section states that the term “Articles” refers to its definition provided in Section 154 of the Corporations Code. To understand what constitutes 'Articles,' one must look at that specific section of the Corporations Code for details.

This section simply states that the term 'Board' is defined in another part of the law, specifically in Section 155 of the Corporations Code. To understand what 'Board' means, you would need to look at Section 155.

This section defines what 'California' means in different contexts. For a state bank, it refers to a bank organized under California's laws. For a national bank, it's a bank with its main office in California. When talking about a bank's office, it means an office located in California. For other corporations, it means those organized under California law.

This section states that the term "CAMELS composite rating" is defined in a specific part of the Code of Federal Regulations. It refers to an established system of evaluating the overall health and stability of financial institutions.

A "certificate of correction" is an official document that you file with the Secretary of State to fix errors in a previously submitted document, according to Section 109 of the Corporations Code. However, you must be mindful of additional rules outlined in Section 1105.

This section defines 'Certificate of determination' by referring to its meaning in Section 156 of the Corporations Code, but also notes that it's subject to the rules in Section 1104, which might modify how it's applied.

A "certificate of revocation" is a formal document filed with the Secretary of State. It refers to the process described in Section 110 of the Corporations Code, but it is also affected by the rules in Section 1106.

This section says that the term 'common shares' is defined in another section, specifically Section 159 of the Corporations Code.

This law section defines "confidential information" related to a licensee as any details contained in applications, reports prepared for or by the commissioner, and information received by the commissioner in confidence. It clarifies that such confidential information is owned by the commissioner.

This section describes 'contributed capital' as the total equity from shareholders, excluding retained earnings. Banks are allowed to move money from their retained earnings to their contributed capital when necessary, but must comply with any relevant laws, rules, and accounting standards when doing so.

This section defines what a 'credit union' is. A credit union can either be a corporation set up under California law as described in Section 14002 or a similar corporation created under U.S. federal law or the laws of any other U.S. state.

This section refers you to Section 164 of the Corporations Code to find the definition of 'Directors.'

The term "disappearing" in the context of corporations refers to a company that is part of a merger but does not continue to exist as the surviving entity after the merger.

In this law, "distribution to its shareholders" typically means what is defined in another section of the Corporations Code. However, within certain sections of the Code, this term does not cover situations where a bank or its majority-owned subsidiary buys shares to prevent losses from loans previously given in good faith. It does include distributions made by a bank or its majority-owned subsidiary to shareholders of a corporation where the bank is the majority owner.

This section defines the term "foreign" as it applies to banks and other corporations, meaning it could refer to entities from another country or a different state. It also specifies that a "foreign banking corporation" is simply a foreign bank.

This law section defines what counts as a "foreign nation." It includes all countries other than the U.S. and mentions regions such as Puerto Rico, Guam, American Samoa, the Virgin Islands, and other U.S. territories and possessions.

This law clarifies the definitions for certain terms related to banking. When this section mentions a "state of the United States," it includes all U.S. states and the District of Columbia, deviating from the usual definition in another section. The term "foreign" refers to banks or corporations that are not organized in the U.S. For banks, this means any bank operating outside the laws of U.S. states or whose main office isn't in a U.S. state. If referring to a bank's office, it indicates an office outside the U.S. For corporations other than banks, "foreign" means they are organized under non-U.S. laws.

This section defines what is meant by 'foreign (other state)' in relation to banking and corporations. If it refers to a bank, it means a bank or savings bank created under the laws of another U.S. state, or a national bank headquartered elsewhere. For bank offices, it means an office situated in a different state. For corporations other than banks, it refers to those established under the laws of another U.S. state or the federal government.

This law defines what 'insured' means in two contexts. For a bank or its office, it means that the bank's deposits are protected by the Federal Deposit Insurance Corporation (FDIC). Similarly, if talking about a deposit, it means that specific deposit is covered by the FDIC. In both cases, it refers to insurance under the Federal Deposit Insurance Act.

This law section defines what 'law of the domicile' means in different banking contexts. For a national bank, it refers to U.S. federal law. For a state bank, it refers to the laws of the state where the bank was established. For a foreign bank, it means the laws of the country where the bank was organized.

This section defines who is considered a 'Licensee' in terms of financial business operations. It includes various types of financial entities such as banks, trust companies, and credit unions, whether they are domestic or foreign. The law outlines that these entities must be authorized by the commissioner to operate legally. The term also covers money transmitters, savings associations, and industrial loan companies.

This section states that the term "majority-owned subsidiary" refers to what is defined as a "subsidiary" in another section of the law, specifically subdivision (a) of Section 189 of the Corporations Code. Essentially, to understand what a majority-owned subsidiary is, you need to refer to that other section for the full definition.

This section defines who is considered a “member of the public.” It excludes government agents or employees working in their official capacity, as well as employees or associates of a licensed company when they're dealing with that company's confidential information.

A "money transmitter" is someone who is officially allowed to operate a business that handles sending money, as per the rules starting from Section 2030 in another part of the law.

This law defines key terms used in the Financial Institutions Law. It states that a 'national bank' or 'national banking association' refers to a banking organization created under the National Bank Act. Additionally, for the purposes of this law, a national bank is considered to be a corporation.

This section defines who counts as an 'officer' in different contexts. For corporations, it's anyone officially named as an officer according to the law or company documents like bylaws, or anyone doing typical officer tasks. For other types of organizations, it's anyone doing officer-like roles, similar to those in a corporation.

This law refers to the definition of "Officers’ certificate" as it is described in another part of the Corporations Code, specifically Section 173.

When talking about a corporation, "resulting" refers to the corporation that emerges after a merger or conversion. If two corporations merge, the new merged entity is called the "resulting" corporation. Similarly, if a corporation changes its legal structure, the newly restructured corporation is the "resulting" entity.

This section of the law defines the term "ROCA supervisory rating" as per the definition provided in another specific federal regulation, 12 CFR 327.8(k).

This section defines what is meant by "savings association." It includes savings associations, savings and loan associations, and savings banks, except for savings banks as specifically defined in a section of the Federal Deposit Insurance Act.

This law section simply refers to another part of the Corporations Code for the definition of 'Series' as it applies to shares.

This section clarifies that the term "shares" is defined the same way it is in Section 184 of the Corporations Code.

This section refers to the term 'shareholder' and simply states that its definition can be found in Section 185 of the Corporations Code.

This section explains how the term 'State' is used in two different contexts. First, when it's about a corporation, it refers to a corporation set up under any U.S. state’s laws. Second, when referring to a foreign bank's office, it means an office the bank is allowed to have under U.S. state laws.

This section defines the term "State of the United States." It includes all 50 states, the District of Columbia, U.S. territories such as Puerto Rico and Guam, and other regions like American Samoa and the Virgin Islands.

This section explains that when the term “surviving” is used in relation to a corporation, it refers to the corporation that continues to exist after other corporations have merged into it.

This section defines the term "Uniform Interagency Trust Rating System (UITRS)" based on the policy statement issued by the Federal Financial Institutions Examination Council on October 13, 1998. Essentially, it refers to a standard system used by federal agencies to evaluate the performance of trust services offered by financial institutions.

The term “Uniform Rating System for Informational Technology (URSIT)” refers to a specific method for evaluating information technology used by financial institutions. This system was officially introduced in a policy by the Federal Financial Institutions Examination Council at the start of 1999 and became effective by April of that year.

This law section specifies that the term "Vote" should be understood as it is defined in Section 194 of the Corporations Code. For the exact definition, one must refer directly to that section.

This section refers you to Section 194.5 of the Corporations Code to understand what 'voting power' means. Essentially, if you're looking to know about voting power, the details are provided in that other section.