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HomeFinancial CodeDiv. 1.1Ch. 4§ 1075 Bank Office Redesignation

§ 1075 Bank Office Redesignation

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

§ 1075 Bank Office Redesignation

This law says a bank can change what its offices are used for, but only if its board says it's okay.

Key Takeaways

  • •The bank can redesignate (change) its offices.
  • •The board of the bank must approve any redesignation.
  • •The rule has been in effect since January 1, 2012.

Example

A bank wants to turn a loan office into a teller window for customers.

If the bank's board gives the okay, the bank can switch the office to the new purpose under this law.

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

Official Source
View on CA.gov

§ 1075 Bank Office Redesignation

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

Last verified: January 10, 2026

Key Terms

redesignate officesapproval of its board

Related Statutes

  • § 1070 Banking Facility Definitions
  • § 1074 Bank Office Relocation Approval
  • § 100023 Commissioner Licensee Examination
  • § 1071 Bank Office Certificate Fees
  • § 1072 Bank Head Office Requirement

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 1075.
View Official Source