DIVISION 1.1. BANKING 1000-1910›CHAPTER 3. Authorization to Engage in Banking 1040-1048

§ 1043

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

It shall be unlawful to accept payment of subscriptions for shares of any corporation proposing to engage in the banking or trust business unless authority to organize such corporation has been granted by the commissioner.

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

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California Financial Code

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