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HomeFinancial CodeDiv. 1.1Ch. 4§ 1074 Bank Office Relocation Approval

§ 1074 Bank Office Relocation Approval

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

§ 1074 Bank Office Relocation Approval

This law says a bank can move one of its offices, but only if its board of directors says it's okay.

Key Takeaways

  • •A bank may relocate an office.
  • •The move must be approved by the bank's board.
  • •No other special steps are required by this statute.

Example

A bank wants to close its old downtown branch and open a new one in a shopping center.

Because the bank's board voted to approve the move, the bank is allowed to relocate the office under this law.

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

Official Source
View on CA.gov

§ 1074 Bank Office Relocation Approval

A bank, with the approval of its board, may relocate an office. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Last verified: January 10, 2026

Key Terms

bankrelocate an officeapproval of its board

Related Statutes

  • § 1071 Bank Office Certificate Fees
  • § 1073 Bank Office Establishment Approval
  • § 1075 Bank Office Redesignation
  • § 1077 Bank Office Annual Report
  • § 1078 Branch Office Closure Notice

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 1074.
View Official Source