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California Financial Code

§ 1121

FIN § 1121 Effective Jan 1, 2012Div. 1.1 · Ch. 5 · Art. 2

Statute text

View on leginfo.ca.gov
No bank or trust company after October 1, 1949, shall issue any shares before they are fully paid for.

Legislative history

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

Source: California Financial Code § 1121 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.