SECTIONS 16075-16077 - California Statutes

FINANCIAL CODE

SECTION 16075-16077

16075. Within 10 days of relocating a California branch office or
California facility, a foreign (other state) credit union shall file
a report with the commissioner which contains the information
specified by the commissioner by regulation or order. The foreign
(other state) credit union shall not conduct business at the new
location of the California branch office or California facility
without a license issued by the commissioner for the new location.

16076. Not less than 30 days before a foreign (other state) credit
union discontinues a California branch office or California facility,
it shall file a report with the commissioner which contains the
information specified by the commissioner by regulation or order.

16077. Promptly after a foreign (other state) credit union
relocates or discontinues a California branch office or California
facility pursuant to this article, the foreign (other state) credit
union shall surrender to the commissioner the license which
authorized the foreign (other state) credit union to maintain the
California branch office or California facility at the old or
discontinued site.