California § 1253 - An application for approval to acquire control of a bank or a controlling person
Full text of California Public Contract Code - PCC § 1253 — An application for approval to acquire control of a bank or a controlling person, with citation guidance and answers to common questions.
§ 1253. An application for approval to acquire control of a bank or a controlling person
An application for approval to acquire control of a bank or a controlling person shall be in such form and contain such information as the commissioner may require by regulation or order and shall be accompanied by the following fee: (a) In case the applicant has been a director or officer of the bank for not less than two years (or, if the bank has been in business for less than two years, for such lesser period), a fee of five hundred dollars ($500); and (b) In any other case, a fee of one thousand five hundred dollars ($1,500).
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1253
What does Public Contract Code - PCC § 1253 cover?
Section 1253 ("An application for approval to acquire control of a bank or a controlling person") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1253?
A common citation format is "Public Contract Code - PCC § 1253" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1253 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.