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California Financial Code

§ 1120

FIN § 1120 Effective Jan 1, 2012Div. 1.1 · Ch. 5 · Art. 2

Statute text

View on leginfo.ca.gov
A bank may, with the approval of its board, determine and from time to time redetermine the par value of any class or series of its shares unless its articles provide that such shares shall have par value and specify the par value of such shares.

Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

Source: California Financial Code § 1120 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.