April 17, 2007 | Posted By Sheppard Mullin | permalink
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Operating Subsidiaries Of National Banks Also Not Subject To State Law Licensing, Reporting, And Visitorial Regulations

Question:        Section 484(a) of the National Bank Act provides that, "[n]o National Bank shall be subject to any visitorial powers except as authorized by Federal law."  Does this statute, which preempts state laws of general application that conflict with the letter or purposes of the NBA, also apply to operating subsidiaries of National Banks?

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November 8, 2006 | Posted By Sheppard Mullin | permalink
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CALIFORNIA STATUTE GOVERNING PREFERENCES IN ASSIGNMENTS FOR CREDITORS NOT PREEMPTED

Question:  Are the preference provisions of section 1800 of the Code of Civil Procedure regarding a general assignment for the benefit of creditors preempted by federal bankruptcy law?

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