Section 1284 Of Chapter 8. Bank Holding Companies From California Financial Code >> Division 1.1. >> Chapter 8.
1284
. Each bank holding company and its subsidiaries shall be
subject to examination by the commissioner. The commissioner may use,
for this purpose, his or her own examiners or independent public
accountants who are disinterested persons. In lieu of making an
examination, the commissioner may accept the examination of any
holding company made by any federal agency, any other agency of this
state, or any agency of any other state of the United States and may
examine any such holding company in conjunction with these agencies.
If the commissioner examines a bank holding company or any of its
subsidiaries, other than a domestic bank, using the commissioner's
own examiners, the bank holding company shall pay, within 10 days
after receipt of a statement from the commissioner, a fee of two
hundred dollars ($200) per day for each examiner engaged in the
examination plus, in the event it is necessary for any examiner
engaged in the examination to travel outside this state, the travel
expenses of the examiner. If the commissioner examines a bank holding
company or any of its subsidiaries, other than a domestic bank,
using independent public accountants, the bank holding company shall
pay, within 10 days after receipt of a statement from the
commissioner, the fee of the independent public accountants.