Jurris.COM
Section 405 Of Article 6. State Banking Account From California Financial Code >> Division 1. >> Chapter 3. >> Article 6.
405
. (a) The commissioner shall annually collect pro rata from the
banks and trust companies under the supervision of the department a
fund in an amount sufficient in the commissioner's judgment to meet
the expenses of the department in administering laws relating to
banks or trust companies or to the banking or trust business that are
not otherwise provided for and to provide a reasonable reserve for
contingencies.
(b) The amount of the annual assessment for the fund on any bank or trust company shall not be less than five thousand dollars ($5,000). Above that minimum amount, except as otherwise provided in subdivision (c), the annual assessment shall not exceed the sum of the products of a base assessment rate, or percentage thereof, and segregated portions of its total resources, according to the following table:
(b) The amount of the annual assessment for the fund on any bank or trust company shall not be less than five thousand dollars ($5,000). Above that minimum amount, except as otherwise provided in subdivision (c), the annual assessment shall not exceed the sum of the products of a base assessment rate, or percentage thereof, and segregated portions of its total resources, according to the following table:
