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CA AB2364

Bill

Status

Passed

9/23/2012

Primary Sponsor

Donald Wagner

Click for details

Origin

State Assembly

2011-2012 Session

AI Summary

  • Requires financial institutions with more than 9 branch offices in California to designate one or more central locations for service of legal process, with optional designation allowed for smaller institutions.

  • Establishes procedures for financial institutions to file notices of central location designations with the Department of Financial Institutions, which must update records within 10 business days and provide copies to the public.

  • Authorizes judgment creditors to file written requests with financial institutions to identify specific branches where deposit accounts may be maintained, with institutions required to respond within 10 banking days.

  • Modifies levy procedures for deposit accounts and safe-deposit boxes to allow service at designated central locations rather than requiring service at individual branch offices.

  • Requires levying officers to provide at least 3 days' advance notice to judgment creditors before opening and seizing safe-deposit box contents, and establishes procedures for collecting fees and costs associated with safe-deposit box seizures.

Legislative Description

Civil procedure: attachment.

Last Action

Chaptered by Secretary of State - Chapter 484, Statutes of 2012.

9/23/2012

Committee Referrals

Appropriations8/6/2012
Judiciary6/28/2012
Rules5/29/2012
Appropriations4/26/2012
Judiciary3/15/2012

Full Bill Text

No bill text available